Japanese firm buys the Singapore government's printer

Japan's Toppan Printing will pay up to $152 million for Temasek-owned SNP Corp, a printer of books, magazines and other products whose clients include the Singapore government.

JapanÆs Toppan Printing is to acquire Singapore-headquartered SNP Corp, a Temasek-owned printing company with operations in China, Singapore and Thailand, for S$208 million $152 million.

Toppan is offering S$1.76 a share for all SNPÆs equity shares outstanding translating to an equity value of S$208 million. The bid is subject only to Toppan reaching a simple 50% majority and Toppan has already cornered 53.55% of SNPÆs shares through an agreement with SNPÆs controlling shareholder Green Dot Capital....

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