TAC 1 and TAC 2 will adjust the scheme consideration for their privatization offer for Japfa (SGX:UD2) based on the final dividend for the 2024 fiscal year, according to a Wednesday filing on the Singapore Exchange.
If the dividend is paid before settlement, the cash offer per share will drop to SG$0.610 from SG$0.620. If settlement comes first, shareholders get the full offer price.
Japfa, an agri-food firm, proposed the payout for 2024, pending approval. The joint offerors urged shareholders to seek financial advice.
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