Bursa Malaysia Stock Watch
Measat Global Networks launches takeover of Measat at RM4.20 a share
kltrader
Publish date: Wed, 28 Jul 2010, 09:53 PM
kltrader
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KUALA LUMPUR: MEASAT Global Network Systems Sdn Bhd (MGNS) has launched a takeover of Measat Global Bhd to acquire all the ordinary shares of 78 sen each not already held by MGNS at RM4.20 per share.
'The board has deliberated on the Notice and does not intend to seek an alternative person to make a take-over offer for the offer shares,' said Measat Global on Wednesday, July 28.
Measat Global said the board has appointed AmInvestment Bank Bhd as the independent adviser to advise the independent directors and holders of the offer shares on the reasonableness of the offer.
MGNS is the single largest shareholder in Measat Global with 59.56%. The controlling shareholder in MGNS is billionaire T. Ananda Krishnan.
Measat Global will resume trading on Thursday.
'The board has deliberated on the Notice and does not intend to seek an alternative person to make a take-over offer for the offer shares,' said Measat Global on Wednesday, July 28.
Measat Global said the board has appointed AmInvestment Bank Bhd as the independent adviser to advise the independent directors and holders of the offer shares on the reasonableness of the offer.
MGNS is the single largest shareholder in Measat Global with 59.56%. The controlling shareholder in MGNS is billionaire T. Ananda Krishnan.
Measat Global will resume trading on Thursday.
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