OCBC to Buy Out Great Eastern for $699.9M

  Published 1 year ago

OCBC is offering S$900 million to fully acquire Great Eastern, leading to a potential delisting. The offer, 17.8% higher than the last, requires 75% minority shareholder approval, or a bonus issue will be proposed to restore the free float.

  • OCBC currently owns 93.72% of Great Eastern.
  • EY deems the S$30.15/share offer fair and reasonable.
  • Delisting is conditional; a bonus issue is the alternative.

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