The revised offer was said to “fall within or above” the IFA’s estimated range of the share values beween the lower value of 74.8 cents an dthe higher value of 96.4 cents
The independent financial adviser (IFA) of Golden Energy and Resources (GEAR) (SGX:AUE
) has called the company’s revised offer a “fair and reasonable” one.
The comment refers to both the revised all cash consideration of 97.3 cents apiece and the revised PT Golden Energy Mines (GEMS) shares consideration and cash of 96.4 cents apiece. GEMS is GEAR’s Indonesia-listed company.
