DBS Group Holdings Ltd. (DBS) said its it’s paying “fair value” for its $7.2 billion bid for PT Bank Danamon Indonesia (BDMN) even as the biggest takeover by a Southeast Asian lender dilutes earnings for the first two years.
At least five shareholders at the meeting today raised concerns their holdings will be diluted with the new shares for Temasek. They asked Gupta and the board why they weren’t given the option of a rights offer. Full story
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DBS minority holders voice concerns about Danamon deal - Reuters
