Independent journal on economy and transport policy
19:31 GMT+2
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Emphasized decrease of title MISC after the failure of the Opa introduced from Petronas
The offer was conditioned to the obtaining at least 90% of the total capital stock
April 22, 2013
It has not had succeeded the public purchase offer for a total value almost 9,2 billion ringgit (three billions of dollars) introduced from the oil group Petronas malaysian regarding compatriot MISC Berhad, mainly specialized shipowning society in the liquified gas transport natural, producing oil and chemicals whose 66.3% of the capital stock are stopped by the same Petronas.
The Opa, based on a price of 5,5 ringgit per.share (previously the proposal was of 5,3 ringgit), was conditioned to the obtaining by Petronas at least 90% of the total capital stock of the MISC, while slid friday, at the close of the period of offer, the oil group had reached quota 86.07%. Therefore Petronas will give back to all actions MISC to the respective shareholders who had accepted the offer.
The failure of the offer is having an impact negative on the actions of the quoted shipowning society to the Stock exchange of Kuala Lumpur: today to the 3,50 local time title MISC recorded a bending of 13.58% to 4,58 ringgit.
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It has not had succeeded the public purchase offer for a total value almost 9,2 billion ringgit (three billions of dollars) introduced from the oil group Petronas malaysian regarding compatriot MISC Berhad, mainly specialized shipowning society in the liquified gas transport natural, producing oil and chemicals whose 66.3% of the capital stock are stopped by the same Petronas.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
