Purchase and Offer Price of MYR 230 EUR 058 per share in cash and MYR 177 EUR 045 per warrant in cash. Malaysian rubber glove manufacturer Latexx Partners said late on Wednesday it received a 137 billion ringgit 4518 million merger offer from unlisted peer YTY Industry Holdings.
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Analyzing latexx partners takeover. Sempermed Global Group Acquires Latexx Partners. Takeover of Malaysian Latexx Partners leads to next phase of global growth. Sempermed USA Inc announced a takeover offer for Malaysian Latexx Partners Berhad Latexx Partners Bloomberg ticker.
Latexx Partners distributes its gloves to 80countries serving more than 300 customers. This came as a surprise to some analysts given that Semperit had. Semperit AG Holding Semperit Bloomberg ticker.
The report also stated that Latexx Partners could be sold for about RM300 million. Semperit will launch a voluntary conditional cash offer for all outstanding shares andwarrants of Latexx Partners. SMPVVI a joint venture partner of Sempermed USA Inc announced a takeover offer for Malaysian Latexx Partners.
Austrian rubber and plastic products maker Semperit Holding AG launched a 1974 million cash offer for Malaysian medical glove maker Latexx Partners. However the deal looks unattractive with limited upside given the offer price of RM310 only. The talks are said to have been ongoing for some time now with a deal likely to be concluded soon the sources add.
Latexx Partners was delisted from Bursa Malaysia in 2013 following its privatisation by Semperit. On June 18 New Straits Times also quoting a source reported that Top Glove was a frontrunner to take over Latexx Partners. The Austrian manufacturer recently upwardly revised its earnings outlook for 2020.
Latexx has accepted YTYs offer to merge. Notification to non-resident shareholders of latexx partners berhad latexx who have not accepted the take-over offer by rhb investment bank berhad on behalf of semperit investments asia pte. The company owns six manufacturing plants.
Top Glove Corp Bhd and MQ Technology Bhd MQTech have emerged as the frontrunners to be the new owner of Latexx Partners. Latexx Partners TRADING BUY Upgraded RM227 Target. In addition Semperit is making a voluntary conditional offer for all outstanding shares andwarrants of Latexx Partners.
TOP Glove Corp Bhd is understood to be in talks to take over competitor Latexx Partners Bhd sources familiar with the matter tell The Edge. Semperit has secured a 473 stake in Latexx Partners from its core shareholders. The offer price per share is MYR 230 058 and the offerprice per warrant is MYR 177 045.
The objective is to acquire a majority of the company. I all the remaining ordinary shares of rm050 each in latexx latexx shares. Latexx Partners provides the gloves solution for your business.
While many brokers do not have view on the valuation of the Newco enlarged entity Jeremy Goh is the one of the earliest that come out with the valuation for the NewcoHis valuation is at RM370 and the Newco offer price is at RM280. It named Penang-based MQ Technology Bhd MQ Tech as another buyer. We offer a big variety of high quality gloves for maximum safety.
RM260 One step closer MktCap. Semperit had paid close to RM600 million for Latexx Partners to secure a 9856 stake in 2012 from then largest shareholder and CEO businessman Low Bok Tek. The objective is to acquire a majority of the company.
Assuming a 100 takeover of Latexx Partnersthe maximum transaction volume will amount to approximately MYR 603m 152m. Semperit will launch a voluntary conditional cash offer for all outstanding shares andwarrants of Latexx Partners. Latexx 2140 OTHERS LATEXX PARTNERS BERHAD LATEXX OR THE COMPANY TAKE-OVER OFFER BY RHB INVESTMENT BANK BERHAD RHB INVESTMENT BANK ON BEHALF OF SEMPERIT INVESTMENTS ASIA PTE LTD SIA OR THE OFFEROR EXIT OFFER.
Latexx Partners has been listed on the stock exchange. LATXKL via its w holly-owned subsidiary Semperit Investments Asia. Sia exit offer to acquire the following.
In is understood that Latexx Partners which was delisted from Bursa Malaysia in June 2013 following its takeover by rubber and plastic products maker Semperit would be sold for about RM300 million. Semperit will significantly improve its. Expect an announcement as early as next week one of the sources says.
Latexx Partners is one of the largest medical gloves producers in Malaysia with six manufacturing plants located in Kamunting Perak. Latexx Partners employs more than 2000 people. Semperit AG Holding a joint venture partner of Sempermed USA Inc announced a takeover offer for Malaysian Latexx Partners Berhad via its wholly-owned subsidiary Semperit Investments Asia.
About Latexx Partners Latexx Partners is the worlds sixth largest and one of the leading medical gloves producers inMalaysia. High powered plants. I have reason to believe yesterday uptick in price for Sunway Holdings and Suncity was due to OSK report by Jeremy Goh.
Takeover of Malaysian Latexx Partners leads to next phase of global growth. Analyzing Latexx Partners takeover offer Just before CNY Latexx surprisingly announcing that the company had accepted a non-binding takeover offer by two private equity funds.
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