THE odds of the country’s power firm Tenaga Nasional Bhd
(TNB) succeeding in its takeover attempt of Integrax Bhd have been greatly enhanced, following its revised higher offer price matching what Perak Corp Bhd had been holding out for.
TNB has sharply raised its offer price to RM3.25 per share for the shares it does not own in Integrax, reflecting an 18% or 50-sen increase from its original price of RM2.75. The increase in the offer price has given a clear indication of its commitment to own the strategically located port.
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