Ron Sim is raising the final offer price for each OSIM share to $1.41 in his bid to take the lifestyle products group he founded private.
This is 2 cents higher than the $1.39 offer price announced on Tuesday which included a 2 cents dividend.
All shareholders who tendered will get a total of $1.41. Those who tendered after dividend books closed will get the dividend separately.
Credit Suisse, which is acting on behalf of Sim, made the clarification late on Friday night upon consultation with takeover regulator SIC (Securities Industry Council) and for the avoidance of doubt.
The announcement came after SIC, which administers and enforces the takeover code, intervened on Tuesday to halt trading of OSIM stock.
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This is 2 cents higher than the $1.39 offer price announced on Tuesday which included a 2 cents dividend.
All shareholders who tendered will get a total of $1.41. Those who tendered after dividend books closed will get the dividend separately.
Credit Suisse, which is acting on behalf of Sim, made the clarification late on Friday night upon consultation with takeover regulator SIC (Securities Industry Council) and for the avoidance of doubt.
The announcement came after SIC, which administers and enforces the takeover code, intervened on Tuesday to halt trading of OSIM stock.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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