Ananda Krishnan seeks to take Tanjong private

The latest deal from the Malaysian tycoon sees him launch a $1.48 billion offer to delist power and gaming company Tanjong.

Malaysian tycoon Ananda Krishnan has announced another plan to take a company private -- this time launching a M$4.7 billion $1.48 billion offer to delist power producer Tanjong.

The offer is conditional upon Tanjong Capital, Krishnan’s holding company, cornering 90% of the shareholding of Tanjong. Krishnan already controls 47% of the shareholding of Tanjong through various holding companies, so he needs another 43%.

The offer, which was announced on Friday, has been launched at M$21.80 per share. Not...

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