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