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. Green Dot Capital is a 100% subsidiary of Temasek Holdings, SingaporeÆs investment holding company.
The offer price is a premium of 8% over SNPÆs last traded price on the Singapore Exchange SGX on June...
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