Buyer Patec No Intention to Increase Offer Price for Broadway Industrial

MT Newswires
2024-12-13

Patec's SG$0.197 per share cash offer for Broadway Industrial Group (SGX:B69) remains final, with no plans to increase the offer price or extend the deadline beyond Dec. 23, according to a Thursday filing on the Singapore Exchange.

As of Dec. 12, Patec and its concert parties own or have valid acceptances of 389.8 million shares, representing 85.27% of Broadway's total shares.

Patec's offer will close Dec. 23.

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