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Esso not seeking other takeover offers

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Esso not seeking other takeover offers

Post by hlk Sat 17 Mar 2012, 16:02

PETALING JAYA: The board of Esso Malaysia Bhd is not seeking any alternative takeover offers after it received notice of an unconditional takeover offer from San Miguel Corp (SMC).

SMC had on Aug 17, 2011 proposed the acquisition of 175 million in Esso Malaysia, representing a 65% stake, from ExxonMobil International Holdings Inc for RM3.59 each.

Kenanga Investment Bank Bhd is the adviser for Esso Malaysia.

hlk: Moderator; Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia

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