| The offer by Temasek Holdings’s unit to take over Olam International is credit negative for the Singapore investment firm, Bloomberg news agency reported Moody’s Investors Service as saying.
The acquisition, which values one of the world’s top three coffee and rice traders at S$5.3 billion, will put pressure on Temasek’s “portfolio liquidity”, said Moody’s, which rates the investment firm at Aaa. Olam’s 2 per cent dividend yield in 2013 is also lower than Temasek’s return of about 3 per cent, it said...............................................Full Article: Source
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