AmInvest Bank advises Lafarge minority shareholders to reject YTL offer – The Star Online

AmInvest Bank advises Lafarge minority shareholders to reject YTL offer  The Star Online

KUALA LUMPUR: AmInvestment Bank has advised minority shareholders of Lafarge Malaysia Bhd to reject YTL Group’s takeover offer at RM3.75 a share. The independent adviser said on Monday the offer price was lower than and represented a discount from 2.2% to 18.5% over the range of fair values of RM3.83 and RM4.60 per share based on the sum-of-parts valuation. It said this method primarily based on the discounted cashflow valuation after taking into consideration of the revival/ resumption and on-going review of large infrastructure projects. AmInvest Bank also said the takeover would see the …

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