Investment bankers expect EPF to accept revised offer for MISC

PETALING JAYA: The Employees Provident Fund (EPF) could “cave in” and accept the revised offer price of RM5.50 for the privatisation of MISC Bhd, some investment bankers predict.

The bankers said they held this view because they believed Petroliam Nasional Bhd (Petronas) was unlikely to raise the offer price any further from the additional 20 sen that was announced on Friday, despite the fact that some investors might continue to hold out for a higher price.