Takeover price for Sunningdale Tech raised to $1.65 per share in final offer
(WorldNews Business)

SINGAPORE (THE BUSINESS TIMES) - Sunningdale Tech`s chairman Koh Boon Hwee and Novo Tellus PE Fund 2 on Tuesday (Jan 19) raised their offer price for the precision plastic components manufacturer to $1.65 per scheme share, up 6.5 per cent from $1.55 previously. The move comes after activist investor Quarz Capital Management said in a statement last week that the proposed takeover price was `too low` and `significantly undervalues` the company. Quarz, which advises entities that collectively own more than 6 per cent of the shares...