LONDON, March 2 (Bernama-GLOBE NEWSWIRE) -- LONSIN Capital Limited, together with its affiliates, representing over 5% of the shares outstanding of Asia Pacific Wire and Cable ("APWC", ticker “APWC US") on February 23, 2018 wrote to the Board of Directors of the Company and to the Board of Directors of the main Shareholder Pacific Electric Wire and Cable Co. the intention of interest to acquire a majority of APWC US at US$4.00 per share.
The proposal would represent a 62% premium to February 22, 2018 ’s close of $2.475 and a 47% premium to the five-year average closing price on NASDAQ.
The proposal would represent a 62% premium to February 22, 2018 ’s close of $2.475 and a 47% premium to the five-year average closing price on NASDAQ.
No comments:
Post a Comment