SINGAPORE (Feb 21): BRC Asia is making a voluntary conditional cash offer of 42 Singapore cents a share for all the issued shares in Lee Metal Group.
The offer price represents a 2.4% premium over Lee Metal’s last traded price of 41 Singapore cents on Tuesday.
It is also a 32.9% premium above the volume weighted average price (VWAP) for the 12-month period prior to Lee Metal’s last undisturbed trading day on Nov 10, 2017, when an announcement was made regarding a notification by certain shareholders of an unsolicited approach in relation to their shares... (Click here to read the full story.)