Wah Nam lowers FerrAus bid threshold

AFTER three extensions of its off-market all-scrip $A267 million takeover bid for FerrAus, Hong Kong-based Wah Nam International now intends to waive the 90% acceptance condition if it acquires more than 50% of its target.

Wah Nam lowers FerrAus bid threshold Wah Nam lowers FerrAus bid threshold Wah Nam lowers FerrAus bid threshold Wah Nam lowers FerrAus bid threshold Wah Nam lowers FerrAus bid threshold

As of February 21, Wah Nam held a 16.59% stake in FerrAus.

The offer is due to close on May 16.