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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Temasek’s Olam offer turns unconditional, deadline extended to May 23

Posted on 25 April 2014

Investment firm Temasek Holdings’ offer that values Olam International at S$5.3 billion has turned unconditional and the deadline for acceptances has been extended by two weeks to May 23, according to a regulatory filing by the commodities giant on Thursday.
Temasek’s unit, Breedens Investments, offered earlier this month to buy all the outstanding shares in Olam that it and its concert parties did not already own at S$2.23 per share, representing an 11.8 per cent premium to the last traded price………………………………………..Full Article: Source


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