Jardine Matheson Holdings (JMH) has just announced it is planning to take 85%-owned subsidiary Jardine Strategic Holdings (JSH) private, at US$33 ($44.38) in cash per share. The US$5.5 billion buyout deal represents a 32.3% discount to its last announced NAV of US$48.71, which is the sum of its investments in JMH, Dairy Farm International, Hongkong Land, Mandarin Oriental and Jardine Cycle & Carriage (Jardine C&C).

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