Deals
Eu Yan Sang Gets Buyout Offer Including From Temasek Unit
- Consortium includes Tower Capital, Temasek unit, Eu family
- Offer at S$0.60, shares fell 4.7% to S$0.615 after halt lifted
This article is for subscribers only.
Eu Yan Sang International Ltd. has received a takeover bid from a group that includes a unit of Singapore state investment company Temasek Holdings Pte, valuing the retailer of traditional Chinese medicines such as bird’s nest soup and ginseng capsules at about S$269 million ($196 million).
The S$0.60 per share offer, which is final and excludes the interim dividend, is from a consortium comprising Temasek’s indirect wholly owned unit Blanca, Tower Capital TCM Holdings LP and some members of the founding Eu family, Singapore-based Eu Yan Sang said in a statement early Monday.