Olam: -0.4% at $2.71, likely weighed by some scattered weakness in regional commodity plays and as most STI components are down, despite the index's 0.3% rise. Co. said Thur it has acquired Nigerian biscuit and candy maker Titanium Holding for US$167m.
Analysts note that the deal is part of the company's strategy to grow its packaged food business. They can send more, different products through the same distribution channel, but note that even at its peak, the downstream business was only at 10% of earnings. The stock remains up around
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