PETALING JAYA: Tenaga Nasional Bhd (TNB) is offering RM2.75 a share to buy out other shareholders in Integrax in a RM644.2mil deal, as the utility firm seeks to gain full control of the operator of Lumut Port in Perak.
The conditional takeover offer values Integrax at 19% premium to its last traded price of RM2.31 yesterday. TNB said it planned to de-list Integrax from Bursa Malaysia if it receives sufficient acceptance.
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