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Sime Darby Brings Forward Offer Closing Date For New Britain Palm Oil
LONDON (Alliance News) - New Britain Palm Oil Ltd Monday said Malaysia's Sime Darby Plantation is shortening the offer period for its takeover bid to 124 days from its current 149 days, following European authorities' decision to clear the acquisition.
The shortened offer period means the new closing date with be February 23.
Sime Darby is acquiring New Britain Palm Oil for 715 pence per share in a deal valuing the target at GBP1.07 billion.
New Britain palm oil shares were up 1.4% at 705 pence on Monday.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
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