BlueFire Capital Group’s acquisition of KNM has lapsed. The company announced that the proposed acquisition by BlueFire Capital Group (Bidco) has lapsed given that both parties were unable to reach an agreement on the offer price. Recall on 4 Feb 2010, Bidco proposed a general offer to acquire the remaining stake of 76.3% for RM2.7bn cash.
KNM Group Berhad : Takeover Offer Lapsed-15/04/2010
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