Adventa: Speculation that it could be a potential acquisition target by a US healthcare firm based on US. The US based firm is looking at Adventa to obtain exposure to the rubber glove sector for upstream integration of its healthcare business. The US based firm had previously been in preliminary talks with Top Glove but had decided that Top Glove was too big a mfg which would be too expensive to purchase. Sources say any buyout of Adventa will be done at a PER of 11 times multiple of FY2011’s forecast earnings … rm3.40.
BJCorp/BJtoto: BJToto confirmed that it had preliminary discussions within the company on a possible corporate exercise that may see the entry of a strategic investor. While there has been initial contact with several potential strategic investors, no negotiations have been conducted with any strategic investor at this juncture as internal discussions and planning are still ongoing.
BToto’s owner — Tan Sri Vincent Tan — has been buying back the company’s shares. Filings with Bursa Malaysia show that from end-July 2010 up until Dec 21 2010, Tan, through BToto’s holding company Berjaya Corp, has been acquiring the gaming company’s shares on the open market. Tan had not disposed any of his stake in BToto during that period. Tan’s stake in the gaming company has increased to 53.63% or 717.37 million shares in a six-month time frame, from 680.2 million shares, or a 50.854% stake (direct and indirect), at the end of June 2010.
Subscribe to:
Post Comments (Atom)