Unisem minorities advised to reject takeover offer
Although the offer price represents a premium in the historical share price analysis, it is below the range of the ascribed equity value per Unisem share.
PETALING JAYA: The board of Unisem (M) Bhd 
has advised minority shareholders of the semiconductor company to reject a takeover offer led by the founders and a few China-based buyers.
The board concurred with independent adviser Public Investment Bank’s evaluation and recommendation that the offer is “not fair” and “not reasonable” and recommends the minority shareholders to reject the offer.
The consideration for the offer is RM3.30 for each offer share that would be satisfied in cash.
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