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M&A: Daikin Japan to pay RM7.6b for OYL
Published by slang May 24th, 2006 in M&As, MalaysiaIn my earlier articles, I have noted many rationale for M&A exercise.
Recently reported in The Star the following:
“ Daikin Industries Ltd of Japan made an offer yesterday to acquire 100% of OYL Industries Bhd for RM5.73 a share or a total of about RM7.6bil cash. This is believed to be the largest foreign takeover of a Malaysian company. This will then make Daikin Japan the world’s second-largest air conditioner maker.”
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