SINGAPORE: Temasek Holdings Pte's S$2.8bil takeover offer for Neptune Orient Lines Ltd (NOL) will close at 3:30pm on Sept 15, the Singapore government's investment arm said in a statement to the stock exchange.
Temasek, which manages S$100bil in assets, offered NOL shareholders S$2.80 a share cash to boost its stake to more than half. The company said it had sent the offer document to shareholders yesterday. – Bloomberg
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