Sunway Is Willing to Walk Away If $2.7 Billion IJM Bid Rejected

Sunway Bhd. is prepared to walk away from its offer to acquire IJM Corp. if the builder’s shareholders do not accept the conglomerate’s deal by the April 6 deadline, said Sunway founder Jeffrey Cheah.

“There’s no compulsion for the shareholders to sell to us,” Cheah told reporters on Friday. If IJM shareholders reject the offer, “we walk away,” he said.