Felda’s offer to take FGV private seen as fair

TA Researc said Felda’s offer price of RM1.30 per share was 26% above its target price of RM1.03 per share for FGV.

PETALING JAYA: The Federal Land Development Authority’s (Felda) renewed takeover offer of FGV Holdings Bhd’s (FGV) remaining shares that it does not already own at RM1.30 per share has been deemed fair in terms of valuation and the prospects for FGV, analysts say.

Research houses such as BIMB Research, Hong Leong Investment Bank Research (HLIB Research), TA Research and MIDF Research have advised FGV shareholders to accept the offer price.