UOB Proposes Takeover of Silverlake Axis Shares

Silverlake Axis (SG:5CP) has released an update.

United Overseas Bank Limited (UOB), acting on behalf of E2I Ltd., has made a voluntary unconditional offer to acquire all issued and paid-up ordinary shares of Silverlake Axis Ltd., excluding treasury shares and those already under the offeror’s control. The offer follows the initial announcement on August 26, 2024, and subsequent documents issued concerning the takeover. No increase in the offer consideration has been announced.

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