Temasek tables $2.1b bid for full ownership of Olam
A consortium led by Singapore sovereign wealth fund Temasek Holdings has offered to pay $2.1 billion to take full ownership of agricultural commodity trading conglomerate Olam International. The consortium already owns a 52.5% stake in the firm.
According to a regulatory filing, the consortium will pay S$2.23 a share, a 12% premium over the last traded price, valuing the company at $4.3 billion. The proposal comes after Olam - one of the world's...
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