SHOULD the Employees Provident Fund (EPF) accept the revised offer price of RM5.50 for the privatisation of MISC Bhd
?
That is the dilemma the pension fund faces after MISC's major shareholder, Petroliam Nasional Bhd (Petronas) upped the offer by 20 sen on Friday, the last day of the share acceptance for its earlier offer of RM5.30 per share. With this, Petronas will now have to fork out RM9.2bil, or about RM400mil more to take private its shipping arm.
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