Bursa Malaysia Stock Watch
KFC Holdings (Malaysia) (Hold): A yummy offer
kltrader
Publish date: Thu, 15 Dec 2011, 09:30 AM
kltrader
0 20,638
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A RM3.2b offer. Massive Equity Sdn Bhd (MESB), jointly owned by Johor Corporation (51%) and CVC Capital Partners Asia III Limited (49%), has proposed to acquire the entire business, assets and liabilities of KFC at an aggregate cash consideration equivalent to RM4/share and RM1/warrant. Cumulatively, this values KFC's entire business at RM3.2b. We maintain our Hold call with a raised TP of RM4 to reflect the offer price, which we believe is attractive to shareholders.
Maybank research (15 December 2011)
Click here for full report
Maybank research (15 December 2011)
Click here for full report
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