PETALING JAYA: MMC Port Holdings Bhd’s unconditional takeover offer to acquire all remaining shares in its subsidiary NCB Holdings Bhd for RM4.40 per share had closed yesterday.

To recap, MMC first announced its intention to take NCB private at a cash offer price of RM4.40 per share in December.

In October, Permodalan Nasional Bhd accepted an offer from MMC for its 53.42% in NCB at RM4.40 per share, which led to the latter increasing its stake to 83.55%.

This triggered a mandatory general offer for NCB and resulted in MMC making an offer for the rest of the shares it does not own in the company.

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