Dymon backs take-private of Singapore’s Penguin International
Dymon Asia Private Equity has teamed up with the executive chairman of Penguin International on a take-private bid that values the Singapore-listed shipbuilder at SGD 29.2m (USD 22m).
The consortium is offering to acquire all outstanding shares for SGD 0.82 apiece, which represents a 15.5% premium to the May 4 closing price. Penguin International’s stock jumped by about the same amount...
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