Genting offers RM6.74bn for remaining Genting Malaysia shares
Genting Berhad made a conditional cash offer for all shares it does not own in Genting Malaysia, the company announced. The RM6.74bn offer values the shares at RM2.53 each and would be funded through up to approximately RM6.3bn in debt and internally generated funds. Genting said the offer would strengthen its financial position ahead of a proposed New York casino project.
The conditional offer could change Genting Malaysia’s ownership and strengthen Genting’s financial position ahead of its proposed New York casino project.