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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek unit offers to buy Olam in $4.2 bln cash deal

Posted on 14 March 2014

A Temasek Holdings Pte unit offered to buy Olam International Ltd. in a bid that values the commodity trader at S$5.3 billion ($4.2 billion), about 16 months after it helped stave off an attack by short-seller Carson Block.
Breedens Investments Pte is offering S$2.23 cash per share, the Singapore-based company said today in a statement, a 12 percent premium to Olam’s last closing price of S$1.995. It is also making an offer for Olam’s outstanding bonds and warrants………………………………………..Full Article: Source


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