Jacobs Douwe Egberts Set To Take Over OldTown Berhad
Coffee and tea giant Jacobs Douwe Egberts (JDE) has issued a cash offer to take over OldTown, an Malaysia-based hot beverage manufacturer and café operator.
The offer is valued at around 1.47 billion ringitt, or €306 million. Shareholders holding around 51.45% of the company have already indicated that they intend to tender all of their shares in acceptance of the offer.
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