(Bloomberg) -- Malaysian billionaire T. Ananda Krishnan offered to buy full control of Maxis Communications Bhd., the country's biggest mobile-phone company, for 15.8 billion ringgit ($4.6 billion) to facilitate its overseas expansion.
Krishnan, 69, and partners offered 15.60 ringgit a share for the 40 percent of Maxis they don't own, 20 percent higher than the stock's closing price before it was suspended on April 27, CIMB Investment Bank Bhd. said in a release today. The purchase values Kuala Lumpur-based Maxis at 39.5 billion ringgit.
Read more at Bloomberg Emerging Markets News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment