Can-One products
KUALA LUMPUR: The independent directors of Can-One Bhd
have advised minority shareholders to reject the takeover offer of RM2.50 a share as it is sharply below the fair value of RM9.77 a share.
In the circular to minority shareholders yesterday, the independent directors concurred with independent adviser Public Investment Bank that the takeover offer is “not fair” and “not reasonable” and recommended they “reject” the offer.
Already a subscriber? Log in.
Celebrate Merdeka with 50% Off!
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
