PETALING JAYA: Coffee manufacturer and operator of cafe outlets OldTown Bhd has received notice of a buyout offer from Dutch coffee company Jacobs Douwe Egberts (JDE) in deal worth RM1.47bil.
JDE, which marked its first foray into Asia with the completion of its S$1.45bil (RM4.37bil) acquisition of Singapore-listed Super Group in June, is pricing its offer at RM3.18 per OldTown share.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
