Apex Healthcare (KLSE:AHEALTH) said its advisers deem the takeover offer to be "fair and reasonable" and advised the shareholders to accept it, according to a Monday circular issued on Bursa Securities.
A consortium led by private equity firm Quadria Capital and the company's CEO, Kee Kirk Chin, offered to acquire the remaining shares of the pharmaceutical company.
The advisers said the offer price of 2.64 ringgit per share represents a premium of about 16.81% to 25.12% to the estimated fair value per company share and historical market prices.
The offer is also reasonable considering that its shares were illiquid, the filing said.
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