This month saw another large palm oil producer look to take advantage of the persistent value gap between those producers listed in London and those listed in South East Asia, with Kuala Lumpur Kepong (KLK MK) making a 640p bid for London-listed MP Evans (MPE LN), a c50% premium to the prior day’s closing price. The bid was swiftly rejected by the MPE board and the majority of its shareholders.
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VSA Agri Monthly
This month saw another large palm oil producer look to take advantage of the persistent value gap between those producers listed in London and those listed in South East Asia, with Kuala Lumpur Kepong (KLK MK) making a 640p bid for London-listed MP Evans (MPE LN), a c50% premium to the prior day’s closing price. The bid was swiftly rejected by the MPE board and the majority of its shareholders.