After six months of negotiations, the two banks have reached a preliminary agreement for BEA to buy existing and new shares in Affin. BEA will pay the higher of 1.3 times of Affin's net tangible assets per share or the par value of each share. BEA currently owns 4.92% of Affin. The acquisition will be financed from its own funds.
Malaysia-based analysts estimate the deal to value Affin shares at M$2.59 $0.75 each. ôThatÆs a reasonable price to pay û bear in mind...
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