Consortium bids for Singapore sports retailer

MGF Group and Emaar Properties jointly bid for control of listed marketing and distribution company, RSH, valuing the target at $242 million.

Dubai-based Emaar Properties and IndiaÆs MGF Group have jointly bid for Singapore listed RSH, the erstwhile Royal Sporting House, valuing the target at S$370 million $242 million.

The offer, at a price of S$1.05 per share, values RSH at S$370 million. The price represents a 12.5% discount to the last traded price on February 28 and a 7% premium to the volume weighted average price for one month prior to the announcement.

The offer is conditional on the...

To continue reading, please login or register for free

Click for more on: emaar | mgf | rsh | dbs bank

Print Edition

FinanceAsia Print Edition

CONFERENCES