UOB announces final takeover offer for Silverlake Axis shares

UOB said that the offer is final, and there will be no increase in the offer consideration.

United Overseas Bank Limited (UOB) has announced its final offer to acquire all shares of Silverlake Axis Ltd, excluding treasury shares and those already owned by E2I Ltd.

The offer, initially announced on 26 August, allows shareholders to choose between two options; $0.36 per share in cash or a combination of $0.30 in cash and one redeemable preference share with a redemption value ofS$0.18.

UOB said that the offer is final, and there will be no increase in the offer consideration.

Shareholders who accept the offer will receive payment within seven business days after submitting valid acceptance and necessary documentation

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