PETALING JAYA: The independent adviser of Masterskill Education Group Bhd (MEGB) said minority shareholders should reject SMRT Holdings Bhd and private equity firm Creador’s 60-sen-a-share takeover bid, saying the offer was below the company’s fair value.
BDO Capital Consultants Sdn Bhd said the offer price was lower than and represented a discount of 2.38% to 9.77% from the range of the estimated fair value per MEGB share of 61.5 sen to 66.5 sen.
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