CapitaMalls Asia: A Buyout Offer from CapitaLand
商品編號：9B19N012
出版日期：2019/06/17
再版日期：2019/06/17
商品來源：Ivey
商品主題：Finance; International Business
商品類型：
涵蓋議題：ratios;relative valuation;common size statements;delisting
難易度：4 - Undergraduate/MBA
內容長度：16 頁
地域：Singapore
產業：Manufacturing;
事件年度：2014
On April 14, 2014, CapitaLand Limited, a Singapore-based real estate company, launched a voluntary conditional cash offer of SG$2.22 for each share (SG$3.06 billion in total) of its subsidiary commercial property development and management company, CapitaMalls Asia Limited (CMA). CMA’s principal business strategy was to invest in, develop, and manage a diversified portfolio of real estate used primarily for retail purposes in Asia. CapitaLand’s offer represented a 22.3 per cent premium over CMA’s closing price of SG$1.815 on April 11, 2014. The intention was to delist CMA and fully integrate it into CapitaLand. As an investor in CMA, you are seeking a reasonable valuation of CMA based on its past financial performance and other relevant market information. You also need to compute the premium, net present value (NPV), and synergy of the acquisition.
教學手冊：8B19N012;
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