KUALA LUMPUR: Bumiputra-Commerce Holdings Bhd (BCHB) has made an offer to buy the assets of and shares in Southern Bank Bhd (SBB) in a deal worth as much as RM6.3bil.
The offer, which was largely expected following the breakdown in negotiations between the banks, would see BCHB paying RM4.08 for each SBB share, through a combination of RM3.08 cash and RM1 in redeemable convertible unsecured loan stock (RCULS).
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