There are reports that AGA AB, a subsidiary of Linde AG, will make a tender offer to acquire the remaining 55% stake in Malaysian Oxygen Bhd for MYR1.1 billion (US$331.9 million)
As consideration, AGA will offer MYR15.00 (US$4.36) in cash per share. The deal is said to have been agreed on 20 February 2007, when AGA entered into a conditional stock agreement to acquire Alboc (Jersey) Ltd, which owns the 45 percent minority stake in Malaysian Oxygen. Upon completion, AGA does not intend to maintain the listing status of the target.
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