Auric takeover acceptances cross 90%

SINGAPORE - More than 90 per cent acceptances were received for the takeover bid for bread maker Auric Pacific by Silver Creek Capital, a release issued on Friday said.

RHB Securities Singapore, acting on behalf of offeror Silver Creek, said that the offer of S$1.65 a share has now become unconditional and will go through without further considerations.

The closing date of the offer has been extended to April 7. The closing date is final.

There will be no compulsory acquisition right and no put right by shareholders to demand the offeror to acquire their shares, RHB said.