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NBPO New Brit. Palm

712.50
0.00 (0.00%)
07 Feb 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
New Brit. Palm LSE:NBPO London Ordinary Share PG0009239032 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 712.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Sime Darby to Make Cash Offer for New Britain Palm Oil

09/10/2014 3:30am

Dow Jones News


New Britain Palm Oil (LSE:NBPO)
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Sime Darby Bhd. (4197.KU), the world's largest publicly listed palm-oil producer, said Thursday it would make a cash offer of GBP1.073 billion to acquire Papua New Guinea-based New Britain Palm Oil Ltd. (NBPO.LN)

Malaysia-based Sime Darby said in a statement that it decided to make the offer after it received a letter from the prime minister of Papua New Guinea that said Sime Darby's acquisition wouldn't be contrary to the country's national interest.

Sime Darby said it is proposing to buy New Britain Palm Oil for GBP7.15 a share, which would represent a premium of 85% to the closing price of New Britain Palm Oil's shares on Wednesday on the London Stock Exchange.

Write to Wayne Ma at wayne.ma@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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