KUALA LUMPUR: Can minority shareholders ask for more in the QSR Brand Bhd and KFC Holdings (M) Bhd's privatisation offer price by Johor Corp (JCorp) and global fund CVC Capital Partners, which will give them an exit at valuations which are a premium vis-a-vis their market peers and the general FTSE Bursa Malaysia KLCI valuations?
Although some industry observers who are not part of this deal may question the timing of the people at JCorp making this call to privatise at such high valuations, StarBiz understands that the management is well aware of this and that it still maintains that this decision was taken after months of due diligence and careful decision-making process.