KUALA LUMPUR: Goldis Bhd’s takeover offer for IGB Corp has been described as unattractive by Public Invest Research as it downgraded IGB from Outperform to Neutral.
The research house said the offer at RM2.88, which was just four sen above the pre-suspension price of RM2.44, was undervaluing IGB’s assets.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!