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Olam shares resume trading at S$2.23 after Temasek's offer
March 14, 2014 / 3:06 AM / 4 years ago

Olam shares resume trading at S$2.23 after Temasek's offer

SINGAPORE, March 14 (Reuters) - Shares in Olam International Ltd rose nearly 12 percent to S$2.23 when trading resumed on Friday, the same price offered by Singapore’s state investor Temasek Holdings to buy all its shares.

Breedens Investments, a Temasek unit, offered to buy Olam shares at S$2.23 per share in a cash deal that values the commodity trading firm at $4.3 billion.

The stock last closed at S$1.995 on March 12. (Reporting by Rujun Shen; Editing by Paul Tait)

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