Li Fung will take private its affiliate Integrated Distribution Services Group IDS via a scheme of arrangement for an outlay of up to HK$4.4 billion $564 million.
Li Fung intends to privatise IDS through a scheme of arrangement. Consequently, it is offering minority shareholders of IDS a choice of cash or Li Fung shares for all the outstanding shares of IDS. For every IDS share held, the shareholders can choose to receive either HK$21 cash...