Friday, May 16, 2014

Capitaland/Capitamalls Asia

Capitaland/Capitamalls Asia (CMA): Capitaland raised its offer price for CMA to $2.35/share and has made the offer unconditional, after waiving the previous minimum acceptance condition of 90%. Capitaland currently holds 70.4% of CMA and the offer has been extended to 9 Jun. The $2.35/share offer includes any upcoming distributions by CMA, with the exception of the FY2013 final dividend of 1.75¢.

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