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Dutch company launches takeover of OldTown for RM1.47b


KUALA LUMPUR: Dutch company Jacobs Douwe Egberts Holdings Asia NL B.V. has launched a takeover of OldTown Bhd for RM1.47bil or RM3.18 a share.

CIMB Investment Bank, who is acting on behalf of JDE, said the takeover offer was 10.4% higher than the last traded price of RM2.88 on Dec 7.

   

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