KKR's bid for Goodpack values mainboard-listed firm at $1.4 billion
Published on May 27, 2014 9:47 PM
SINGAPORE - A United States private equity firm has unveiled a takeover proposal for Singapore-listed Goodpack, ending more than two months of speculation over the packaging company.
KKR & Co is offering $2.50 per Goodpack share, valuing the company at $1.4 billion.
KKR, which does not yet own any shares in Goodpack, is undertaking a scheme of arrangement to try to take the company private, said Goodpack and KKR in a joint announcement on Tuesday.
Under this arrangement, KKR will get 100 per cent of the company if the scheme is given the go-ahead at a shareholders' meeting, to be held under the order of Singapore's High Court.
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