News: Olam International Ltd (OLAM.SI)
14 Mar 2014
SINGAPORE/HONG KONG - A Temasek-led shareholders group has offered to pay $2.1 billion in cash for shares in Olam International Ltd they don't already own, putting the heft of the Singapore state investor behind the commodity trading firm's weak balance sheet. | Video
(Repeats for additional readers with no changes to headline or text)
* S$2.23 per share offer is 12 pct premium to last traded price
BANGKOK, March 14 - Southeast Asian stocks were mostly weaker on Friday as investors cut riskier holdings amid fears of heightened tensions in Ukraine, but Singapore's Olam International jumped after a Temasek Holdings-led shareholders group offered to buy all of its shares. Shares of commodity trading firm Olam were up 11.3 percent, the top percentage gainer on Singapore's benchmark Straits Times Index, which was down 0.5 percent. The index is set to decline 2.2 percent on th
SINGAPORE, March 14 - 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.
SINGAPORE - A unit of Singapore's state investor Temasek Holdings made an offer on Friday to buy all of the shares in commodity trading firm Olam from its minority shareholders for S$2.23 per share, valuing the company at around S$5.44 billion ($4.3 billion).
SINGAPORE, March 14 - A unit of Singapore's state investor Temasek Holdings made an offer on Friday to buy all of the shares in commodity trading firm Olam from its minority shareholders for S$2.23 per share, valuing the company at around S$5.44 billion ($4.3 billion).
TOUPAH, Ivory Coast, March 8 - Ivory Coast agro-industrial group Sifca, part-owned by Singapore's Olam International and Wilmar International, will invest 35 billion CFA francs ($74 million) this year to diversify in West Africa, executives said.
SINGAPORE, March 5 - Singapore shares rose slightly on Wednesday, heading for a second consecutive session of gains, with commodity firms Noble Group Ltd and Olam International Ltd among the biggest gainers.
* High inventory, weak TOCOM weigh on rubber prices (Recasts with Olam CEO comments, prices)