SINGAPORE (Aug 26): Silverlake Axis on Monday announced that it is offering 36 Singapore cents (RM1.20) per share to its shareholders in a bid to take the company private.
The 36 cents will be paid in cash, which represents a premium of 28.1% over the volume-weighted average price (VWAP) per share for the one-month period including Aug 23.
The consideration also represents a premium of 25.0%, 31.9% and 31.9% over the VWAP per share for the three-, six- and 12-month periods respectively...(click here for the full story on theedgesingapore.com.)