CONSORTIUM LAUNCHES TAKEOVER BID FOR FOOD SERVICE PROVIDER SELECT GROUP

March 23, 2016

SINGAPORE – Catalist-listed Select Group is the subject of a takeover bid by a consortium led by Dymon Asia Private Equity, which is linked to Temasek Holdings.

The consortium, International Culinary Management (ICM), wants to privatise the food service provider, and has offered a 23.53 per cent premium over Select’s last transacted price per share on March 18, the Group said in a stock exchange filing on Wednesday.

ICM, which is 45 per cent owned by Delish, a unit of Dymon Asia Private Equity (Dape), is offering 52.5 Singapore cents per share in a voluntary conditional share offer.

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Source: The Straits Times © Singapore Press Holdings Limited. Permission required for reproduction.

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