Bumi Raise Up Offer to Acquire Herald

Bumi Raise Up Offer to Acquire Herald

PT Bumi Resources Tbk (Bumi) will raise up its offer to acquire Herald Resources Ltd, an Australian mining company.

Bumi Extraordinary General Shareholders Meeting (RUPS) had agree to give an approval to Bumi management to raise up its offer price as recommended by PT Zodiac Perintis Penilai, an independent valuer, that gave Herald normal price range between AUSD 529.44-663.83 million or AusD 2.62-3.29 per share.

Nalinkhant Rathod Commissioner Bumi said at the present Bumi offer pice still AUSD 2.25 per share but with shareholders approval, management have an authority to raise the offer to highest limit and extend the offer period.

Bumi has extend its offer period for Herald, last offer period will be valid until next May 21.

Bumi competitor to acquire Herald is PT Aneka Tambang Tbk (Antam) which gave valuation price AUSD 2.5-3.51 per share.

Bumi through its subsidiary Calipso Investment Pte. Ltd., had secure USD 375 million loan facility from Credit Suisse Singapore to finance Herald acquisition. Calipso had own 19,8% Herald share which bought at AUSD 2.23 per share. Meanwhile Antam also had control 10.7% Herald share.

Perihal buletin
Blog Berita Buletin Bisnis Blog ini Berisi Ringkasan info Bisnis dan Ekonomi/ This Blog consist of economic and business news. Bila anda tertarik untuk memberikan kritik atau saran atau membutuhkan informasi lebih lanjut, silahkan kirim melalui email ke buletinbisnis@yahoo.com/ If you have any critic, suggestion or need further information, please feel free to send the question to buletinbisnis@yahoo.com

Tinggalkan Balasan

Isikan data di bawah atau klik salah satu ikon untuk log in:

Logo WordPress.com

You are commenting using your WordPress.com account. Logout / Ubah )

Gambar Twitter

You are commenting using your Twitter account. Logout / Ubah )

Foto Facebook

You are commenting using your Facebook account. Logout / Ubah )

Foto Google+

You are commenting using your Google+ account. Logout / Ubah )

Connecting to %s

%d blogger menyukai ini: