Thursday, December 24, 2015

Interplex shares surge on takeover offer

Shares of Interplex Holdings surged over 11% at the start of trading on Thursday after a takeover offer from Baring Private Equity Asia.

As at 10.20am, shares of Interplex are trading at 79 cents, the highest in over a month.

On Wednesday, Baring Private Equity Asia said it was looking to offer $450 million to buy the engineering company, majority owned by CVC Capital Partners and the private equity arm of Standard Chartered.

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