Austria-based rubber and plastic products maker Semperit AG Holding wants to buy out Latexx Partners Bhd at 2.30 ringgit ($0.75) per share, in a deal that will propel the former into the world's second largest glove manufacturer.
The offer price is a 28.5 percent premium to Latexx's last traded price of 1.79 ringgit ($0.58) before trading was suspended on Monday morning. Semperit is also offering to acquire all warrants at 1.77 ringgit ($0.58) per unit, which were last transacted at 1.30 ringgit ($0.42).
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($1 = 3.0675 Malaysian ringgits)
(Reuters) Keywords: MALAYSIA PRESS/