Tuesday, December 14, 2010

Majority of Titan Chemicals' shareholders accept buyout offer from Honam Petrochemical

At least 90% of Malaysian chemical makers Titan Chemicals' shareholders have accepted a buyout offer from South Korea's Honam Petrochemical. RHB Investment - the principal adviser of the deal said Honnam will invoke the compulsory acquisition clause to acquire all remaining shares as the level of acceptance had reached the 90% threshold.

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