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OldTown White Coffee gets $487 mil takeover bid from Jacobs Douwe Egberts

Malaysia

OldTown White Coffee gets $487 mil takeover bid from Jacobs Douwe Egberts

Samantha Chiew Published on Tue, Dec 12, 2017 / 11:40 AM GMT+8

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SINGAPORE (Dec 12): Malaysia’s OldTown has received a RM1.47 billion ($487 million) or RM3.18 per share takeover offer from global coffeemaker Jacobs Douwe Edberts BV (JDE).

OldTown is the operator of OldTown White Coffee chain, which has about 232 outlets that are mostly in Malaysia.

The offer was made through JDE’s indirect wholly-owned unit, Jacobs Douwe Egberts Holdings Asia NL BV (JDE Asia).