Some 35 percent of PT Bumi Resources Tbk shares remains open to other buyers acquisition despite the underway negotiation of Northstar Pacific Partners Ltd and PT Bakrie & Brothers Tbk.
San Miguel Corp, the Philippines largest food and beverage company, claimed to make other offer for the 35 percent of Bumi shares as its business diversification.
Tata Group also expresses its interest to acquire Bumi but with tender offer price starting from US$800 million or under Northstar price offer.
Bakrie Group plan to disposes a 35.25% stake or 6.84 billion shares in PT Bumi Resources Tbk to a special purpose vehicle for US$1 billion. So who is the winner ????
By ethics, if you have sign conditional sales and purchase agreement, its exclusif deal for certain period. So......
Thursday, November 6, 2008
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