Bursa Malaysia Stock Watch
Latexx climbs on buyout proposal
kltrader
Publish date: Sat, 05 Feb 2011, 05:12 PM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Latexx Partners Bhd, a Malaysian rubber-glove maker, rose to its highest level in almost three months in Kuala Lumpur trading after receiving an RM852 million buyout proposal.
The stock climbed 2.5 per cent to RM2.87 at 9:02 a.m. local time, set for its highest close since Nov. 4.
Navis Asia VI Management Co, together with Mettiz Capital Ltd, is offering to acquire the company at RM3.10 a share, the company said in a statement on Jan. 31. -- Bloomberg
The stock climbed 2.5 per cent to RM2.87 at 9:02 a.m. local time, set for its highest close since Nov. 4.
Navis Asia VI Management Co, together with Mettiz Capital Ltd, is offering to acquire the company at RM3.10 a share, the company said in a statement on Jan. 31. -- Bloomberg
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