Revived offer to EON Cap. HL Bank made a new offer to acquire the assets and liabilities of EON Cap for RM4,921.8m cash which translates into RM7.10 per EON Cap share or 1.4x FY09 P/B (the pricing is exactly the same as the previous offer which was rejected by EON Cap). The terms were largely the same as the previous offer except that HL Bank reserves the right to withdraw the offer if EON Cap enters into M&A talks with third party(s). EON Cap has until 5 Apr to accept or reject the offer.
Hong Leong Bank Berhad : Hong Leong Bank FY09 P/B - 31/03/2010
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