Thursday, 3 November 2016

Stock Market Today : UOB's 3Q earnings fall 7.8% to $791 mil on absence of one-off gain, higher allowances




SINGAPORE (Nov 3): Super Group, the 3-in-1 coffee manufacturer, has received an offer to take over the company from Netherlands-incorporated Jacobs Douwe Egberts (JDE), a global player in the tea and coffee business.

Offerer Sapphire Investments, a JDE subsidiary, is offering $1.30 for each share it does not own. The offer price is 34% than Super's last traded price of 97 cents on Oct 31 before it called for a trading halt and values the deal at $1.45 billion.

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