MAS Plc received an update on May 27, 2025, from PK Investments Limited (PKI) proposing adjustments to its voluntary bid to acquire all remaining shares in MAS, initially announced on May 16, 2025. PKI has increased the cash consideration from €0.85 to €1.10 per share and the maximum cash amount from €40m to €80m following discussions with other shareholders to enhance returns and provide an exit opportunity. This revised offer comes after Hyprop undertook a capital raise to make an offer for MAS. Cue the bidding war.
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