KUALA LUMPUR: Shares of DFZ CAPITAL BHD [] slipped in thin trade on Wednesday, Dec 29 after a takeover for the duty-free outlet operator was deemed as unattractive.
At 9.08am, it was down five sen to RM3.55. There were 1,000 shares done.
The FBM KLCI rose 4.24 points to 1,521.68. Turnover was 29.87 million shares done valued at RM25.65 million. There were 129 gainers, 34 losers and 104 stocks unchanged.
Esmart Holdings Bhd had offered RM3 cash a share -- which is 60 sen below the closing price of RM3.60 on Tuesday, Dec 28 --'' to acquire all the remaining 53.10 million shares of RM1 each not already owned.
It said the first option was RM3 cash per share while the second was a securities option which involved new shares and warrants in Esmart.
The securities option was be the issuance of new shares and warrants on the basis of 4.04 acquisition shares for each offer share and one acquisition warrant for every 10 acquisition shares issued.
'Pursuant to the offer, up to 215 million acquisition shares and up to 21.50 million acquisition warrants may be issued by offeror to accepting holders,' it said. The third option was a combination of options one and two.
At 9.08am, it was down five sen to RM3.55. There were 1,000 shares done.
The FBM KLCI rose 4.24 points to 1,521.68. Turnover was 29.87 million shares done valued at RM25.65 million. There were 129 gainers, 34 losers and 104 stocks unchanged.
Esmart Holdings Bhd had offered RM3 cash a share -- which is 60 sen below the closing price of RM3.60 on Tuesday, Dec 28 --'' to acquire all the remaining 53.10 million shares of RM1 each not already owned.
It said the first option was RM3 cash per share while the second was a securities option which involved new shares and warrants in Esmart.
The securities option was be the issuance of new shares and warrants on the basis of 4.04 acquisition shares for each offer share and one acquisition warrant for every 10 acquisition shares issued.
'Pursuant to the offer, up to 215 million acquisition shares and up to 21.50 million acquisition warrants may be issued by offeror to accepting holders,' it said. The third option was a combination of options one and two.
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