IN what seems to be a tactical move, the Federal Land Development Authority (Felda) relaunched its bid this week to take FGV Holdings Bhd
private – five years after the first one. This offer is being made at the same price as the earlier offer, at RM1.30 a share.
The playing field, however, seems to have changed. Felda now has new allies, including the Pahang government which rejected the offer five years ago.
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