ING constructs an offer in Indonesia

Komatsu offers 62% premium to buy its unit.

Komatsu Ltd., the world's second-biggest maker of construction equipment has offered to buy the outstanding shares of its unit PT Komatsu Indonesia. If all goes well, it hopes to delist it from the Jakarta Stock exchange in December.

Already, Tokyo-based Komatsu has 68.4% of the Indonesian unit that supplies components to factories that make vehicles used in construction, mining and logging. Komatsu has offered to pay Rp8,500 $0.87 per share - a 62% premium to the...

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