IJM Corp Urges Rejection of 2.8 Billion Dollar Sunway Bid
The board of IJM Corp advised shareholders to reject a 2.8 billion dollar bid from Sunway today. An independent review found the offer price was not fair.
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The board of IJM Corp has formally recommended that its shareholders reject a takeover bid from the conglomerate SUNWAY BHD. The offer, valued at approximately 11 billion ringgit ($2.80 billion), was deemed inadequate following a review by an independent financial adviser.
