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Revisions

HNA's offer for CWT 'fair and reasonable' says IFA to deal

PC Lee Published on Mon, Oct 02, 2017 / 9:36 PM GMT+8

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SINGAPORE (Oct 2): CWT's independent directors have recommended shareholders to accept HNA Holding Group's $2.33 per share offer for logistics firm CWT.

See: CWT receives formal US$1 bil takeover offer from HNA

This was based on the advice given to by Ernst & Young Corporate Finance, the independent financial adviser to the deal.