Divergent views on FGV takeover

The divergent views of the independent directors and that of the independent advisers clearly put the balance minority shareholders in a situation of uncertainty on whether to accept the offer.

IN a rare instance of a corporate takeover, the independent directors of a listed company have expressed different assessments of the deal as compared to what the independent advisers have said.

This has come about after FGV Holdings Bhd’s five non-interested directors objected to Federal Land Development Authority’s (Felda) takeover price of the former.