Amara Holdings takeover offer ‘fair and reasonable’—IFA
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The independent financial advisor (IFA) has deemed DRC Investment's takeover offer for Amara Holdings at $0.895 per share as 'fair and reasonable'. The offer, which aims to take Amara private, represents a 33% premium over its net asset value, a 27% premium over its last trading price, and a 48.9% premium over the average prices over the past year. DRC Investments currently holds 90.58% of Amara Holdings shares.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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