Select Harvests Places Trading Halt as Mubadala Makes Takeover Bid
UPDATE: October 8, 2017 – Select Harvests rejected Mubadala’s offer of A$ 430.6 million.
Select Harvests Limited, an Australian almond grower, placed a trading halt on its listed shares through October 9 and is expected to mobilize a A$ 45 million placement at A$ 4.20 a share, in an attempt to fend off a conditional takeover proposal from a sovereign wealth enterprise (SWE) controlled by the Mubadala Investment Company PJSC. Mubadala offered A$ 430.6 million (US$ 334 million) to take over the company.
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