VIVA : 600-900. PARA GROUP HAS SAID IT IS OFFERING TO BUY A STAKE IN VIVA FOR $1.8 BILLION.

VIVA: 600-900. PARA GROUP HAS SAID IT IS OFFERING TO BUY A STAKE IN VIVA FOR $1.8 BILLION. IF THE STAKE BUY IS FOR A 51.47% OR 8.1 BILLION SHARES, IT COULD MEAN THAT PARA GROUP OFFERS TO BUY VIVA STAKE AT IDR2,160/SHARE. BUT IF THE $1.8 BILLION IS FOR A 100% STAKE WHICH INCLUDES THOSE OWNED BY PUBLIC, THE STAKE BUY WILL BE WORTH AT IDR1,125 PER SHARE WHICH IS AROUND A 68% PREMIUM TO YESTERDAY'S CLOSE OF IDR670. THE PUBLIC HAS A 48.53% STAKE IN VIVA. 

Source : Listri Adistri