The Straits Times
www.straitstimes.com
Published on Nov 11, 2012
 

Private fund launches takeover offer for Harry's at 23 cents each

 
 

Homegrown bar chain Harry's Holdings is set to be privatised by a private equity fund.

F&B Asia Ventures, controlled by Everstone Capital Partners II, is making a cash offer of 23 cents apiece to acquire all Harry's shares.

This works out to a premium of 53 per cent over Harry's closing price of 15 cents last Friday.

The offer is also at a premium over Harry's initial public offering price of 22 cents.