Breaking News-(BN) IOI Properties Gets Cash-Stock Takeover Offer From Parent IOI

By Luzi Ann Javier
Feb. 4 (Bloomberg) -- IOI Corp., Malaysia’s second-biggest publicly traded planter, offered to buy all of the 199.7 million shares it didn’t already own in IOI Properties Bhd. for about
519 million ringgit ($143 million.)
IOI Corp., which owns about 74 percent of the developer’s total shares, will offer 2.598 ringgit per share for the remaining stock, comprising 0.6 IOI share and 33 sen in cash, according to a statement today from IOI Properties.