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Nordic Group makes 23.8 cents per share offer for Starburst Holdings

Felicia Tan
Felicia Tan1/24/2022 08:18 AM GMT+08  • 3 min read
Nordic Group makes 23.8 cents per share offer for Starburst Holdings
Shares in NGL and Starburst Group closed at 40.5 cents and 23.5 cents respectively on Jan 21.
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Nordic Flow Control, a wholly-owned subsidiary of Nordic Group (NGL), has made a cash offer of 23.8 cents per share for all the shares in Starburst Holdings on Jan 24.

The group had previously announced its intent to make the all-cash offer for Starburst Holdings on Nov 10, 2021.

Following an extraordinary general meeting (EGM) on Jan 7, NGL’s shareholders have granted their approval for the offer to be undertaken.

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