The Straits Times / The Business Times News on MFS

 
WBL reiterates support for takeover

Mar 17, 2007
The Business Times

WBL Corp (Wearnes) has reiterated its support for the proposed takeover of its Singapore-listed subsidiary MFS Technology by its Nasdaq-listed subsidiary Multi-Fineline Electronix Inc (M-Flex). In addition, Wearnes may accept stock instead of cash for the transaction, after taking into account the funding and debt servicing capabilities of M-Flex. Should all MFS shareholders opt for cash consideration, M-Flex would need about US$522 million (at US$1.20 per MFS share), which could hamper it financially.

 

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