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Offer price for Courts 'not fair but reasonable', says KPMG

Courts' directors say they have considered the terms and KPMG's advice and given the nod to shareholders to accept the offer

Published Fri, Feb 15, 2019 · 09:50 PM

Singapore

INDEPENDENT financial adviser (IFA) KPMG Corporate Finance on Friday described Japanese electronics retailer Nojima Corp's offer of 20.5 Singapore cents for each of Courts Asia's shares as "not fair but reasonable from a financial point of view".

"Accordingly...we advise the recommending directors to recommend that shareholders accept the offer, unless shareholders are able to obtain a price higher than the offer pric…

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