Attractive offer: OldTown has announced that Dutch firm JDE proposed to privatise the former at RM3.18 per share for RM1.47bil.
Analysts upbeat on deal, recommend shareholders to accept bid
PETALING JAYA: Coffee manufacturer and cafe outlets operator OldTown Bhd’s share price surged to a seven-month high yesterday, following a buyout offer from Dutch coffee company Jacobs Douwe Egberts (JDE).
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