Market Flash: iSHARES MSCI Indonesia Investable Market Index Fund (EIDO:US) PRICE: 28.530 USD Down -0.360 (-1.246%) >>> BI: Rupiah Melemah Akibat Kondisi Eropa >>> Pertemuan FED pertimbangkan langkah baru dorong ekonomi >>> KIJA akan Terbitkan MEN Valas USD150 Juta >>> PT Indika Energy Perusahaan Teladan Dunia 2011 >>> Govt Promises Revision of Cost Recovery Regulation >>> BPMigas Demands PGN to Pay US$6 per MMBTU >>> Jababeka to Raise US$150 Million from Debt Markets >>> SCG Chemicals buys Chandra Asri >>> Solusi Tunas eyes Rp380 bio IPO >>> SMR Utama scouts Rp300 bio IPO >>> Alam Sutera picks two bond arrangers >>> ASII Tetap Rajai Penjualan Mobil Agustus 2011 >>> Perusahaan Thailand kuasai Saham TPIA senilai Rp 3,76 Triliun >>> Agis Main ke Tambang, Sahamnya Masuk Dalam Pengawasan >>> ACES Mendekati The Northern Agar Mau Kurangi Kepemilikan >>> IHSG masih harus berjuang terus bertahan diatas MA200 >>> Melirik Peluang Akumulasi di Saham Perbankan >>> Analisa Saham BUMI: Kuat Bertahan & Berpeluang Kembali Uptrend >>> Analisa Saham JSMR: Bertahan Di Support, What Next? >>> INDF Tertahan Di Area Support Kuat, Berpeluang Rebound >>> ASII Break Minor Support, Sell on Strength >>> ADRO Membentuk Descending Wedges, Berpeluang Rebound Terbatas >>> Wall Street ends flat as early gains evaporate >>> Fed begins policy meeting, tiptoes toward easing >>> Fed meeting to help decide on long-term Treasuries >>> Greece Makes 'Good Progress' in Reform Talks: EC >>> China worried Europe debt crisis will hit trade >>> China could roll out 4.65tr yuan stimulus package >>> IMF sees Mideast stagnation >>> NYMEX-Crude ends higher at Oct contract expiry >>> Asian Crude Palm Oil Up On Technical Buying, Soyoil >>> Foreign net Sell - 61.785.746

Selasa, 14 Juni 2011

BRMS is valued at Rp 850 / share and will have direct access to UK and European based capital markets and funds

Following the announcement made by Vallar Plc ("Vallar") on Friday, 10 June 2011 regarding the "major re-organization to simplify corporate structure and enhance transparency", we would like to inform our shareholders the following ke notes related to PT Bumi Resources Minerals Tbk ("BRMS" or the "Company").

Vallar has announced its intention to acquire 75% ownership in BRMS from PT Bumi Resources Tbk ("BUMI")
The acquisition is priced at Rp 850/share which represents a 21.9% premium to BRMS' 30 days average closing price
In exchange of the 75% ownership in BRMS, Vallar will pay approximately US$ 2.07 billion (which represents the acquisition price of Rp 850 / share) through its proposed new parent company (Bumi Plc) to BUMI in the form of listed corporate bonds
The convertible bonds will be convertible into approximately 79 million new Bumi Voting Ordinary Shares (Vallar's shares) at the initial conversion price
The transaction is expected to complete in the third quarter of 2011 and will require approval of Bumi Voting Ordinary Shareholders
The Management of BRMS views that the transaction would be beneficial to the Company in the following ways:
More simplified ownership structure
Direct ownership by Vallar would strengthen BRMS' corporate governance and transparency
Closer access to the UK and European based capital markets and funds which will improve the liquidity of BRMS' stock trading volume
The Rp 850/share acquisition price reflects a 34% premium from the IPO price which shows Vallar's confidence in BRMS' fundamentals and value.
The complete Vallar's Press Release announcement can be accessed at

More information about BRMS can be found in the

Tidak ada komentar:

Posting Komentar