(Nov 3): Investment firm JAB Holding Co. offered $1.45 billion to buy Singapore’s Super Group, extending the caffeine empire of Europe’s billionaire Reimann family into Asia.

The all-cash offer of $1.30 a share by the closely held company is 34% more than Super’s last traded price on Oct 31. Shareholders of Super, holding about 60% of its total issued share capital, have made an irrevocable pledge to tender all their stock, the Singapore-based company said in a statement Thursday.

(See also: Super Group gets $1.30 per share takeover offer from Jacobs Douwe Egberts)

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook