Europe's billionaire Reimann Family to buy Super
The total offer is $1.45b.
Investment firm JAB Holding Co. offered S$1.45 billion ($1 billion) to buy Singapore's Super Group Ltd., extending the caffeine empire of Europe's billionaire Reimann family into Asia.
The all-cash offer of S$1.30 a share by the closely held company is 34 percent more than Super's last traded price on Oct. 31. Shareholders of Super, holding about 60 percent of its total issued share capital, have made an irrevocable pledge to tender all their stock, the Singapore-based company said in a statement Thursday.
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