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Temasek Holdings will not raise offer for Olam International

Published on May 5, 2014 10:00 PM
 
Temasek Holdings said on Monday there will be no further raises to their offer for commodities firm Olam International. -- FILE PHOTO: REUTERS

Temasek Holdings said on Monday there will be no further raises to their offer for commodities firm Olam International.

Its offer stands at $2.23 per share, a premium of 11.8 per cent over the last traded price before the announcement.

It is also offering US$850.37 for every US$1,000 principal amount of convertible bonds, and 64.6 Singapore cents for each warrant.

Temasek added it reserved the right to revise terms if a competing offer for Olam is announced, or if any other competitive situation in relation to Olam arises.

 
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