Pre-Conditional Cash Offer for Shares in OldTown Berhad by Jacobs Douwe Egberts Holdings Asia NL. B.V.
(WorldNews Netherlands)

OldTown Berhad, one of Asia`s leading coffee manufacturers and operators of café outlets, announced a pre-conditional cash offer for all issued ordinary shares. Subject to the satisfaction of certain pre-conditions, the proposed pre-conditional cash offer for all the issued ordinary shares of OldTown at RM3.18 per share represents a 10.42% premium over the last transacted price of OldTown shares on 7 December 2017 or a total aggregate consideration of approximately RM1.47 billion. Opportunity for shareholders of OldTown to realise their investment for cash at an attractive premium to the market traded price. Shareholders of OldTown holding approximately 51.45% of the total issued share...