WHY KFC suspended 2 weeks suspended 3 times kanasai
CAYLE OFFER RM 6.70, YOU counter offer also RM 6.70, if the board of director accept, I think this one is UNFAIRRRRRRRRRRRRR to minority shareholder (MEEEEEEEE).
Company Name
:
QSR BRANDS BHD
Stock Name
:
QSR
Date Announced
:
29/11/2010
Type
:
Announcement
Subject
:
QSR BRANDS BHD (“QSR” OR THE “COMPANY”)
PROPOSED DISPOSAL OF THE ENTIRE BUSINESS AND UNDERTAKINGS OF THE COMPANY
Contents
:
We refer to the earlier announcements dated 19 November 2010, 20 November 2010 and 22 November 2010 in relation to the above matter.
In relation thereto, the Board of Directors of QSR (“Board”) wishes to announce that it had on 29 November 2010 received a revised proposal from Idaman Saga Sdn Bhd (“ISSB”). The revised proposal is extended by ISSB in collaboration with KUB Malaysia Berhad (“KUB”) and CVC Capital Partners Asia III Limited (“CVC Asia III”).
KUB, a company listed on the Main Market of Bursa Malaysia Securities Berhad, holds the Yum! franchise for A&W in Malaysia and Thailand. CVC Asia III is affiliated to CVC Capital Partners (”CVC”). CVC is a leading global private equity firm with over US43 billion in funds.
The structure of the acquisition is intended to be finalised in consultation with QSR post due diligence. All other terms and conditions as contained in the proposal dated 18 November 2010 shall continue to apply.
Based on the revised proposal, the indicative purchase consideration for all the business and undertakings of QSR and its subsidiaries has been revised to RM6.70 per issued ordinary share of RM1.00 each in QSR.
The Board has decided to reject the above proposal.