SINGAPORE (Feb 7): Auric Pacific has received a voluntary conditional cash offer from Silver Creek Capital, an investment vehicle jointly owned by its largest shareholder Stephen Riady and his son-in-law Andy Adhiwana.

Silver Creek is offering $1.65 in cash for each Auric Pacific share that is not controlled by Riady and Adhiwana. The offer price represents a premium of 13.4% from Auric Pacific’s closing price of $1.455 yesterday.

Silver Creek says the offer price is final and would not be revised.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook