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KLK to offer cash if it takes over AIM-listed EPO

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KLK to offer cash if it takes over AIM-listed EPO Empty KLK to offer cash if it takes over AIM-listed EPO

Post by Cals Wed 23 Oct 2013, 00:47

KLK to offer cash if it takes over AIM-listed EPO
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com   
Tuesday, 22 October 2013 19:04
KUALA LUMPUR (Oct 22): Kuala Lumpur Kepong Bhd (KLK), which is in talks with London-listed Equatorial Palm Oil Plc (EPO), announced that if there is a takeover offer for EPO it will be a cash offer.
EPO had revealed earlier this month that it was in discussions with KLK regarding the funding of its joint venture, Liberian Palm Developments (LPD), and said these discussions may or may not include an offer for all or part of EPO.
In a statement to the London Stock Exchange, KLK confirmed discussions are on-going but said “there can be no certainty that any offer for EPO will be made, nor as to any other terms… as a results of these discussions.”
Equatorial Palm Oil PLC, listed on the AIM market, is a loss-making palm oil development company with operations in Liberia.
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