THE announcement on Oct 15 that the UEM Group and the Employees Provident Fund (EPF) plan to buy all of PLUS Expressways’ businesses and undertakings for RM23bil, or RM4.60 per PLUS share, has set the markets all abuzz.
Our basic standpoint is to examine the merits of the proposed transaction and apply a simple but practical litmus test: will minority shareholders get a fair deal under the proposed buyout?
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