Kuala Lumpur: State-run energy giant Petronas is likely to up its offer price to minority shareholders in shipping line MISC after an RM5.30 offer was rejected last month.
An offer of around or just over RM6 per share is likely to be suggested, which might be enough to tempt the state-run Employees Provident Fund (EPF), which owns a 9.5% stake in MISC. Were EPF to agree to the new deal, then Petronas would be in a position to take MISC private. [03/04/13]
