The offer price of $25.60 represents a 36.9% premium over GEH’s last traded price of $18.70 and premiums of 38.6%, 40.0% and 42.4% over the one-month, three-month and 12-month periods up to and including the last trading date of May 9.
Oversea-Chinese Banking Corporation Limited (OCBC) (SGX:O39
) has announced a $1.4 billion voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings
According to a May 10 statement, this will strengthen OCBC’s business pillars of banking, wealth management and insurance, and optimise its capital to enhance shareholder returns.
