KUALA LUMPUR: TELEKOM MALAYSIA BHD [] has decided to dispose of its 15.39% stake in MEASAT GLOBAL BHD [] for RM252 million or RM4.20 per share.
TM said on Monday, Sept 6 the stake, comprising of 60.02 million shares, would be disposed at RM4.20, a premium of 40 sen or 10.53% to the last traded market price on July 27, 2010.
Measat Global, in which TM had a 15.39% equity interest, had July 28, received a notice of conditional take-over offer from Measat Global Network Systems Sdn Bhd to acquire all the shares of 78 sen each in Measat.
The shareholders had until 5pm, Sept 8, which was the first closing date, to dispose of its shares to the offeror.
TM said on Monday, Sept 6 the stake, comprising of 60.02 million shares, would be disposed at RM4.20, a premium of 40 sen or 10.53% to the last traded market price on July 27, 2010.
Measat Global, in which TM had a 15.39% equity interest, had July 28, received a notice of conditional take-over offer from Measat Global Network Systems Sdn Bhd to acquire all the shares of 78 sen each in Measat.
The shareholders had until 5pm, Sept 8, which was the first closing date, to dispose of its shares to the offeror.
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