Jardine Matheson Holdings Ltd s businesses range from automobiles and hotels to supermarkets all around Asia.
SINGAPORE: Jardine Matheson Holdings Ltd on Monday said it plans to buy the remaining 15% of Jardine Strategic Holdings Ltd that it does not already own for about $5.5 billion to simplify the structure of the sprawling Asian conglomerate.
Singapore-listed Jardine Matheson, whose businesses include construction, aviation and automotive, has offered to pay $33 in cash for each Jardine Strategic share, representing a premium of 20% to the stock s closing price on Friday. This will result in a single holding company with a conventional ownership structure and a further increase in the group s operational efficiency and financial flexibility, it said in a statement.