Bursa Malaysia Stock Watch
Latexx Partners gets RM852m offer
kltrader
Publish date: Mon, 31 Jan 2011, 10:48 PM
kltrader
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Latexx Partners Bhd today received a RM852 million acquisition proposal to acquire its entire business and undertakings.
In a filing to Bursa Malaysia, it said the proposed acquisition from Navis Asia VI Management Company Ltd in association with Mettiz Capital Limited, translates to an offer of RM3.10 per share, exclusive of treasury shares and assuming all outstanding warrants are converted as at Jan 27, 2011.
The company had also resolved to accept the proposal and granted Navis an exclusivity period up to April 1, 2011 to facilitate the conduct of the due diligence and discussions in relation to the structure of the transaction and negotiations.
Navis is a Cayman Island incorporated fund management company, which in turn is wholly-owned by Navis Capital Partners Limited, founded to make private and public equity investments in South and Southeast Asia.
To date, Navis Capital has made about 40 acquisitions and currently manages over US$3 billion in capital.
BERNAMA
In a filing to Bursa Malaysia, it said the proposed acquisition from Navis Asia VI Management Company Ltd in association with Mettiz Capital Limited, translates to an offer of RM3.10 per share, exclusive of treasury shares and assuming all outstanding warrants are converted as at Jan 27, 2011.
The company had also resolved to accept the proposal and granted Navis an exclusivity period up to April 1, 2011 to facilitate the conduct of the due diligence and discussions in relation to the structure of the transaction and negotiations.
Navis is a Cayman Island incorporated fund management company, which in turn is wholly-owned by Navis Capital Partners Limited, founded to make private and public equity investments in South and Southeast Asia.
To date, Navis Capital has made about 40 acquisitions and currently manages over US$3 billion in capital.
BERNAMA
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