In today’s briefing:
- Oishi Group: Shareholders Back ThaiBev’s Offer
Oishi Group: Shareholders Back ThaiBev’s Offer
- Back on the 10th March, Thai Beverage (THBEV SP) launched a Delisting Offer for 79.66%-held Oishi Group (OISHI TB), at THB 59/share, a 26.9% premium to last close.
- This two-step Offer required a shareholder vote followed by a tendering process. Yesterday (the 3rd May), Oishi shareholders approved the Delisting Offer.
- The tendering period may kick off around this time next month, with an expected payment late August.
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