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Jumat, 04 Februari 2011

Cargill Launches Tender Offer on Sorini Shares - The Indonesia Today


PT Cargill Foods Indonesia, a subsidiary of Cargill Inc, has launched a tender offer on 137 million shares in PT Sorini Agro Asia Corporindo (SOBI) Tbk owned by public investors.

Cargill Foods offers a tender offer price of Rp3500 per share or a total of Rp479.5 billion.

Cargill has previously acquired 777 million or 85.01% of the total issued shares in SOBI from PT AKR Corporindo (AKRA) Tbk and UOB Kay Hian Private Ltd.

The tender offer price is a premium of 3.7% to the last quoted price of Sorini (SOBI) at Rp3375 on February 2nd, 2010.
Sorini is the largest sorbitol producer in Indonesia and one of key players in the world.
Posted by Saham Pilihan at 08.53

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