Shares of Plus Expressway has been heavily traded recently following the receipt of an offer from EPF and UEM Group on 15th October to acquire all of the business and undertaking, including all assets and liabilities of PLUS at an aggregate purchase consideration of RM23 billion . The Purchase Consideration represents a consideration of RM4.60 per ordinary share of RM0.25 each in PLUS.
The closing price of PLUS on 19th October was RM4.38, which is some 4.8% lower than the offer price of RM4.60. However, this offer was not a general offer and minorities will receive cash payment via special dividends and a capital repayment later that would be equivalent to RM4.60/share.
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