Another Procurri shareholder to vote against Novo Tellus’ partial offer
- Posted by: vitu
- Category: Singapore
SINGAPORE (THE BUSINESS TIMES) – Procurri has received a letter from ICH Gemini Asia Growth Fund dated April 21 indicating that it intends to vote against private equity firm Novo Tellus’ partial offer of 36.5 Singapore cents per share.
ICH Gemini is a shareholder of Procurri, and owns about 3.9 per cent of the mainboard-listed enterprise hardware supplier.
This comes after Novo Tellus released a statement on Wednesday stating that its offer price of 36.5 cents per share was final, except in the case of a competitive situation.