Esso not seeking other takeover offers
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Esso not seeking other takeover offers
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.
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.
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