Bursa Malaysia Stock Watch
M3nergy gets takeover offer from Adamus
kltrader
Publish date: Mon, 17 May 2010, 06:08 PM
kltrader
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M3Nergy Bhd, a Malaysian oil and gas services provider, said it received a conditional takeover offer from Adamus Avenue Sdn Bhd at RM1.85 per share.
That's a 9 per cent premium to M3Nergy's share price of RM1.70
at today's midday break on the Kuala Lumpur stock exchange, before the takeover announcement.
Kenanga Investment Bank Bhd. is acting on behalf of the potential buyer, M3Nergy said in a stock exchange filing. An independent adviser will be appointed by M3Nergy's board to guide on the offer, it said. - Bloomberg"
That's a 9 per cent premium to M3Nergy's share price of RM1.70
at today's midday break on the Kuala Lumpur stock exchange, before the takeover announcement.
Kenanga Investment Bank Bhd. is acting on behalf of the potential buyer, M3Nergy said in a stock exchange filing. An independent adviser will be appointed by M3Nergy's board to guide on the offer, it said. - Bloomberg"
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