STOCK MARKET ESCAPES
- From: Vol 11, Issue 7 (July 2010)
- Category: Need to know
- Region: Unspecified
- Country: Spain, United Arab Emirates and United Kingdom
- Related Companies: Aguas de Barcelona, Biwater, Metito and VA Tech (Wabag)
Sembcorp has won its battle to buy out the minority shareholders in Cascal.
It agreed to buy Biwater’s 58.5% interest in the company at the end of April for $6.75 per share, then faced a battle to convince the minority shareholders on the New York Stock Exchange that this offer was good value (on the eve of the deal, shares were trading at $7.61). After a successful legal battle ...
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