In today’s briefing:
- Oishi Group: IFA Backs ThaiBev’s Offer
Oishi Group: IFA Backs ThaiBev’s Offer
- On the 10th March, Thai Beverage (THBEV SP) proposed taking 79.66%-held Oishi Group PCL (OISHI TB) private, at an Offer price of THB 59/share, a 26.9% premium to last close.
- This Delisting Offer requires a shareholder vote which will take place on the 3<May. Payment may occur mid-to-late August.
- In its report yesterday, the IFA reckons “that the shareholders should approve of the voluntary delisting“.
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