Monday, September 6, 2010

Measat Global extends closing date for takeover offer to Sept 22

KUALA LUMPUR: Measat Global Network Systems Sdn Bhd (MGNS) has extended the closing date and time for acceptance of the takeover offer from 5pm on Wednesday, Sept 8 to 5pm on Sept 22.

MGNS said on Monday, Sept 6 the notice of the revised closing date would be posted to the holders of the offer shares accordingly.

MGNS had, through CIMB Investment Bank and Maybank Investment Bank Bhd, had launched a conditional take-over offer to acquire all of the Measat shares of 78 sen each not held by MGNS at a cash offer price of RM4.20 per share.


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