Taishin Says Will Raise Bid To Acquire Shin Kong
Sept 11 (Reuters) -Taishin Financial Holding 2887.TW:
SAYS IT WILL INCREASE BID TO ACQUIRE SHIN KONG TO COUNTER HIGHER OFFER FROM CTBC
SAYS WILL OFFER 0.672 COMMON SHARES AND 0.175 PREFERRED SHARES PER ONE SHIN KONG SHARE IN REVISED SWAP DEAL, VERSUS 0.6022 COMMON SHARE OFFERED PREVIOUSLY
SAYS IT WILL INCREASE OFFER PRICE BY 25% TO ACQUIRE SHIN KONG
SAYS BOTH PARTIES WILL DO THEIR BEST TO ACHIEVE CONSENSUS MERGER
Source text for Eikon: [ID:]
Further company coverage: 2887.TW
Reporting by Faith Hung
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