Can-One accepts takeover offer for F&B Nutrition – The Star Online

Can-One accepts takeover offer for F&B Nutrition  The Star Online

KUALA LUMPUR: Can-One Bhd’s board has accepted the takeover offer for its indirectly 100% owned unit F&B Nutrition Sdn Bhd from Asia Dairy Creations Sdn Bhd (ADCSB) that values the latter at between RM800mil and RM1bil. The can maker said in a Bursa Malaysia announcement that it has deliberated on the offer and has decided to accept it. “The offer will be subject to a definitive agreement and other ancillary agreements being entered into between Can-One and ADCSB within 30 days from the date of acceptance of the offer, with an automatic extension for a further period of 30 days, or such fur…

Source: Financial New feed