Agree Japfa merger with Multi Agro

Agree Japfa merger with Multi Agro
PT Japfa Comfeed Indonesia Tbk (JPFA) and PT Multi Agro Persada Tbk (TRPK) agree to mergers. Agreement was signed on 25 June 2009.

Director Japfa Comfeed Indonesia, Herry Wibowo of the information in the Friday the merger is expected to provide business synergies, such as increased economies of scale business operations, expanding the scope of marketing, market penetration and a better improvement ratio-the ratio of corporate finance.

Based on the preliminary agreement or letter of intents, the Japfa and Multi Agro agreed to propose to their shareholders. The merger will be implemented based on the assessment conducted independent valuer PT Truscel Capital of the two.

Stock assessment reports based on the independent valuer, the fair market price for shares Japfa of Rp605 per share and stock price Multi Agro is Rp 6,596 per share. Exchange ratio in the merger will be based on a reasonable market price of the two takeovers.

But the plan merger will be implemented if both parties can agree on the terms that appear in the merger integration plan and incorporation of teaching license. In addition, also after dipenuhinya requirements based on the provisions of the laws and regulations. Finally after obtaining approval from both the AGM.