PETALING JAYA: Sunway Bhd has launched a takeover offer for IJM Corp Bhd at RM3.15 per share yesterday, two months after denying any engagements or negotiations with the latter for a potential merger.
The offer will see IJM being valued at about RM11bil if the offer is fully accepted by its shareholders – the company had then, on Nov 7, 2025, also denied being approached for a potential merger with Sunway.
The privatisation offer of IJM by Sunway will involve compensation in terms of cash of RM0.315 for every IJM share amounting to 10%;
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