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Confirmed: John Lim-led consortium to buy out ARA Asset Management in $1.8 bil deal

Jude Chan Published on Tue, Nov 08, 2016 / 5:48 PM GMT+8

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SINGAPORE (Nov 8): ARA Asset Management on Tuesday announced a joint proposal by a consortium led by group founder and chief executive officer John Lim to privatise the company in a takeover offer at $1.78 per scheme share.

(See also: John Lim-led consortium mulls ARA Asset Management buyout)

At this offer price, which exceeds the highest closing price of ARA shares over the past 2.5 years, the company is valued at close to $1.8 billion.

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