SINGAPORE (Nov 3): Super Group, the 3-in-1 coffee manufacturer, has received an offer to take over the company from Netherlands-incorporated Jacobs Douwe Egberts (JDE), a global player in the tea and coffee business. Offerer Sapphire Investments, a JDE subsidiary, is offering S$1.30 for each share it does not own. The offer price is 34% than Super’s last traded price of 97 cents on Oct 31 before it called for a trading halt and values the deal at S$1.45 billion. JDE serves consumers in more than 100 countries through brands including Jacobs, Tassimo, Moccona, Senseo, L’OR, Douwe Egberts, Kenco, Pilao & Gevalia. Shareholders of Super holding approximately 60% of the total issued share capital of the company have irrevocably undertaken to tender all of their shares in acceptance of the offer.

Source: The Edge Markets November 03, 2016 04:10 UTC