United Industrial Puts Up $600M To Buy Out Singapore Land

Law360, New York (February 24, 2014, 2:44 PM EST) -- United Industrial Corp. Ltd. said Monday that it has offered to buy out its Singapore Land Ltd. unit for more than $600 million in a deal the property developer says will benefit the unit's existing shareholders.

The deal, announced in a Monday filing with the Singapore Exchange, would see United Industrial picking up the 81,029, 175 shares of Singapore Land that it does not already own for 9.40 Singapore dollars ($7.42) per share. The company said in its filing with the Singapore Exchange that it intends...
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