Temasek Unit Offers to Buy Olam in $4.2 Billion Cash Deal - Bloomberg:
"A Temasek Holdings Pte unit offered to buy Olam International Ltd. (OLAM) in a bid that values the commodity trader at S$5.3 billion ($4.2 billion), about 16 months after it helped stave off an attack by short-seller Carson Block.
Breedens Investments Pte is offering S$2.23 cash per share, the Singapore-based company said today in a statement, a 12 percent premium to Olam’s last closing price of S$1.995. It’s also making an offer for Olam’s outstanding bonds and warrants.
Temasek, Singapore’s state-owned investment firm, became the largest investor in Olam after concerns raised by Block in November 2012 caused the stock to plummet. The bid for Olam, one of the world’s top three coffee and rice traders, highlights growing interest in agricultural investments as rising global populations boost food demand."
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