privatisation offer

SINGAPORE (May 15): G.K. Goh, the 80.72% owner of Boardroom, is making an 88 cents per share cash offer for all the shares of Boardroom it does not own.

SINGAPORE (Apr 12): DBS Group Research recommends that shareholders of Indofood Agri Resources (IFAR) accept the 28 cents per share offer to delist, even though the offer is at the lower end of acquisition multiples for plantations.

(Jan 23): A buyout offer for M1 four months ago still doesn’t have the backing of a bulk of shareholders. And yet, Keppel Corp and Singapore Press Holdings have refused to budge on the initial offer price.

SINGAPORE (Oct 2): Wheelock and Company will proceed to delist Wheelock Properties (Singapore) from the Singapore Exchange following the successful conclusion of its $2.10 privatisation offer for the latter.

SINGAPORE (Dec 11): UOB Kay Hian is maintaining its “buy” call on City Developments (CDL) with a target price of $14.03.

SINGAPORE (Aug 2): Investment holding company Lafe Corporation has received a cash offer of 90 cents per share to delist and privatise the company from Chairman Christopher Ho Wing-On.

SINGAPORE (Nov 14): Shipbuilder Vard Holdings has received an offer of 24 cents per share to take the company private from 55.63% owner Fincantieri Group.

SINGAPORE (Oct 25): China Auto Electronics Group has received a 16 cents per share offer from its top management to take the company private.

SINGAPORE (June 9): Otto Marine shares are up 37% to 31.5 cents after its founder offers to buy all the shares in the company he does not own to take the company private.

SINGAPORE (June 8): Otto Marine has received a privatisation offer from its executive chairman Yaw Chee Siew.