KUALA LUMPUR: AmResearch remains negative on Sime Darby’s takeover offer for New Britain Palm Oil Ltd (NBPOL) at £7.15 a share cash (RM37.70 a share) or for a total of £1.073 bil (RM5.65bil).
It said on Friday it had earlier cut its fair value to RM10.58 with a wider discount to an unchanged sum-of-parts value of RM12.45 a share.
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