SINGAPORE (Dec 8): DBS Group Research is recommending minority shareholders of Neptune Orient Lines to accept the offer from CMA CGM.

The offer price of $1.30, in an all-cash deal, represents a 6.1% premium over the last traded share price of $1.225.

“We believe the M&A premium has been largely priced in, following the rumours and news of potential takeover which surfaced four months ago,” says analyst Suvro Sarkar in a Tuesday report.

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