date:Mar 17, 2014
Breedens Investments, a subsidiary of Singapore-based Temasek Holdings, plans to acquire remaining shares in the commodity trader Olam International.
The offer price of S$2.23 per share represents a premium of 11.8% over the last traded price.
The company also intends to buy the outstanding convertible bonds and warrants issued by Olam. It seeks to provide Olam with a strong shareholder base to support its strategy and growth plans.
Breedens leads a consortium, which owns a combined majority