THE “should they or shouldn't they” debate over the need for Sime Darby Bhd to extend a mandatory general offer for the remaining shares in Eastern & Oriental Bhd (E&O) took a twist when it was reported that affidavits showed a difference of opinions within the Securities Commission (SC).
Findings by senior management, which formulated their reasons for the need for Sime Darby to make a general offer for E&O, were overruled by its takeover and mergers committee and the revelation of the divergent views within the SC took a number of people by surprise.