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25 November 2015 The on-line newspaper devoted to the world of transports 23:20 GMT+1

August 18, 2004

Temasek unlikely to raise NOL bid

Investment company highlights benefits of its $2.8b cash offer and reiterates satisfaction with current 30.3% stake

By Azhar Khalid

TEMASEK Holdings has given its strongest indication that it will not increase its $2.8- billion cash offer to buy shares that it does not already own in Neptune Orient Lines (NOL).

Temasek's director of corporate communications, Ms Eva Ho, said in a statement via e-mail yesterday that the $2.80-a-share offer 'is a firm, all-cash offer which enables NOL shareholders to realise immediate gains' ......
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