FGV takeover offer extended
PETALING JAYA: The Federal Land Development Authority (Felda) has decided to extend the acceptance deadline for its takeover offer of FGV Holdings Bhd to Aug 15, 2025.
In a notice issued by Maybank Investment Bank Bhd on behalf of Felda, it said the deadline was extended from 5pm on July 7.
Felda has proposed a cash consideration of RM1.30 per share for all outstanding shares in FGV not currently held by the agency.
As at 5pm on July 3, Felda and its parties acting in concert collectively owned 89% of FGV's equity, amounting to 3.24 billion shares.
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