Big Deal in Thailand, potential nice payday for Temasek:
- Gulf offering $5.4b to buy upto 2.6b shares of Intouch Holdings it doesn’t already own.
- Company will make tender offer for Intouch’s shares at 65 baht
- 11% higher than Intouch’s close on Friday
- Gulf offering $5.4b to buy upto 2.6b shares of Intouch Holdings it doesn’t already own.
- Company will make tender offer for Intouch’s shares at 65 baht
- 11% higher than Intouch’s close on Friday
- Mandatory tender offer follows after Gulf Energy raised its
stake in Intouch to 18.93%
stake in Intouch to 18.93%
- Gulf Energy will also makes tender offer for shares of
Advanced Info, of which Intouch owns about 40% stake: statement
- Offering price for Advanced Info’s shares will be at 122.86
baht each and may be worth 365.5 billion baht, Gulf Energy says
Advanced Info, of which Intouch owns about 40% stake: statement
- Offering price for Advanced Info’s shares will be at 122.86
baht each and may be worth 365.5 billion baht, Gulf Energy says
- Tender offer of Intouch and Advanced Info will be subject to
shareholders’ approval, Gulf Energy says
shareholders’ approval, Gulf Energy says
You can follow the situation as it unfolds smartkarma.com/entities/intou… - It's 100% free to setup an account and read unlimited research summaries.
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