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SEGi slides on Navis RM1.71 a share offer

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SEGi slides on Navis RM1.71 a share offer Empty SEGi slides on Navis RM1.71 a share offer

Post by hlk Thu 26 Apr 2012, 11:24

SEG International Bhd, a college operator, slid 3.9 percent to RM1.74 in Kuala Lumpur trading at 9.44am, on course for its steepest decline since Dec. 13.

The company received a mandatory buyout offer from Navis Capital Partners Ltd at RM1.71 per share, 3.9 percent lower than the stock's five-day volume-weighted average price, SEG International said in a statement. -- Bloomberg
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