Brief: Taishin Says Will Raise Bid To Acquire Shin Kong

TS Financial Holding Co

11/09/2024 13:08

Sept 11 (Reuters) - Taishin Financial Holding 
 2887.TW :
    * SAYS IT WILL INCREASE BID TO ACQUIRE SHIN KONG TO COUNTER
HIGHER
OFFER FROM CTBC
    * SAYS WILL OFFER 0.672 COMMON SHARES AND 0.175 PREFERRED
SHARES
PER ONE SHIN KONG SHARE IN REVISED SWAP DEAL, VERSUS 0.6022
COMMON SHARE OFFERED PREVIOUSLY
    * SAYS IT WILL INCREASE OFFER PRICE BY 25% TO ACQUIRE SHIN
KONG
    * SAYS BOTH PARTIES WILL DO THEIR BEST TO ACHIEVE CONSENSUS
MERGER

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Further company coverage:  2887.TW 

 (Reporting by Faith Hung)
 ((faith.hung@thomsonreuters.com;))