KUALA LUMPUR: Esmart Holdings Bhd has launched a RM159.31 million takeover offer for DFZ CAPITAL BHD [] at RM3 cash a share -- which is 60 sen below the closing price of RM3.60 on Tuesday, Dec 28.
DFZ said it had received a notice of mandatory takeover offer 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.
DFZ said it had received a notice of mandatory takeover offer 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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