On Apr 28, DRC Investments, which is an entity backed by several parties including the Teo family controlling Amara Holdings, offered 89.5 cents per share to take the property and hospitality firm private.
W Capital has declared DRC Investment’s offer to take Amara Holdings (SGX:A34
) private for 89.5 cents per share fair and reasonable, according to an Offeree Circular issued by the company on May 27.
W Capital, the independent financial advisor (IFA) for this deal, accordingly advises the recommending directors who are the directors of Amara Holdings, to advise shareholders to accept the offer.
