Sunway $2.7 Billion Takeover Bid for IJM Corp Lapses
Sunway's $2.7 billion bid for IJM Corp lapsed today after failing to meet the acceptance condition. IJM said the result affirms its shareholder confidence.
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The conditional voluntary takeover offer by SUNWAY BHD for IJM CORP BHD has officially lapsed. The $2.7 billion bid failed to meet the required acceptance condition by the 5 p.m. deadline on Monday, effectively ending the conglomerate's attempt to acquire the construction and property group in Malaysia.
