Innovalues shareholders should accept offer: UOB

SINGAPORE (Oct 28): UOB Kay Hian advises Innovalues shareholders to accept the buyout offer by Northstar, citing the offer price as in line with its target price of $1.01.

In a Thursday note, lead analyst Nicholas Leow notes that global growth headwinds going into 2017 makes the offer attractive for investors.

Northstar’s subsidiary, Precisions Solutions Group have proposed to acquired Innovalues shares at $1.01 per share in cash or one share of Precisions Solutions and 61 cents in cash per share.

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