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PR Newswire
10-10-2012, 08:30 PM
Key message from the ID's and IFA's reports.
Recommendation of the Independent Directors.
The Independent Directors, having carefully considered the terms of the F&N Offer and the advice given by J.P. Morgan to the Independent Directors in the J.P. Morgan Letter, share J.P. Morgan’s view that the Offer Price is not compelling, though fair
The range of the estimated sum-of-the-parts valuation of each Share by J.P. Morgan (as set out in Section 8.10 of the J.P. Morgan Letter)4 is between S$8.30 and S$11.22. As such, while the Offer Price at S$8.88 falls within the range of such valuation, it lies at the low end of the range
Recommendation of the Independent Directors.
The Independent Directors, having carefully considered the terms of the F&N Offer and the advice given by J.P. Morgan to the Independent Directors in the J.P. Morgan Letter, share J.P. Morgan’s view that the Offer Price is not compelling, though fair
The range of the estimated sum-of-the-parts valuation of each Share by J.P. Morgan (as set out in Section 8.10 of the J.P. Morgan Letter)4 is between S$8.30 and S$11.22. As such, while the Offer Price at S$8.88 falls within the range of such valuation, it lies at the low end of the range
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡