×

MALAYSIA STOCKS NEWS-Latexx shares surge after buyout offer from Austrian firm

KUALA LUMPUR, Oct 9 (Reuters) - Shares in Malaysian rubber glove maker Latexx Partners surged 27.4 percent on Tuesday after Austrian firm Semperit AG Holdings made a 603 million ringgit ($196.58 million)takeover offer in cash.

The offer announced by the Austrian medical gloves maker on Monday is the third such deal for Latexx. It involves Semperit proposing to pay 2.30 ringgit per Latexx share and 1.77 ringgit per warrant.

Last year, the Malaysian firm received a 852 million ringgit buyout proposal from private equity firm Navis and another offer from Malaysian rival YTY Industry Holdings to merge some of its units in a deal valued at 1.37 billion ringgit.

0110

(Reporting by Niluksi Koswanage in Kuala Lumpur; niki.koswanage@thomsonreuters.com;)

((niki.koswanage@thomsonreuters.com; +603 2333 8035; Reuters Messaging: niki.koswanage.thomsonreuters.com@thomsonreuters.net))

Keywords: LATEXX/