SINGAPORE (June 26): Indofood Sukses Makmur’s bid to take over mainboard-listed Indofood Agri Resources has lapsed – with the controlling shareholder falling less than 2 percentage points off the mark.

The Indomie maker, backed by Indonesia’s Salim Group, had made a buyout offer of 32.75 cents per share for Indofood Agri.

The offer was conditional upon Indofood Sukses Makmur holding more than a 90% stake in Indofood Agri at the close of the offer at 5.30pm on June 25.

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