UMW Holdings may need to pay about RM1.12bil in cash and issue 49.3 million new shares at RM6.09 a share to privatise MBM and acquire the additional 10% stake in Perodua from PNB Equity Resources.
PETALING JAYA: The board of MBM Resources Bhd
is expected to seek a higher price from UMW Holdings Bhd in the takeover offer for the former.
Sources said Med-Bumikar Mara Sdn Bhd, the major shareholder of MBM, is expected to communicate to the board of MBM to negotiate for a higher price than what is on the table at the moment.
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