In today’s briefing:
- Mandala Multifinance (MFIN IJ): Offer Now Open
Mandala Multifinance (MFIN IJ): Offer Now Open
- Waaay back in June 2023, MUFG (8306 JP) and 92.7%-held Adira Dinamika (ADMF IJ) entered into SPAs with key shareholders to acquire an 80.6% stake in Mandala Multifinance (MFIN IJ).
- MFIN’s shareholders overwhelmingly approved the change of control at the 13th Feb EGM. OJK signing off was the next hurdle.
- The Tender Offer is now open, at the (expected) price of IDR 3,297/share. The close of the Offer is the 21st August, with payment on the 28th August.
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