"State-controlled PTT offered S$1.90 a share for Singapore- based Sakari through its PTT International Co. unit, the Bangkok-based company said today in a statement. The bid, which valued the target at S$2.2 billion, sent the shares up 28 percent to S$1.905. PTT already owns a 45.3 percent stake in Sakari, according to data compiled by Bloomberg."
I understand they want Sakari for their Indonesian coal mines.
Cheers.
XAM Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held
