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    Merril Lynch bids for Jaya Holdings

    News // November 15, 2006

    Merrill Lynch (Singapore) Pte Ltd has announced that it has entered into agreements with Sime Darby Eastern Limited (SDEL), the wholly-owned subsidiary of Sime Darby Berhad, to acquire Jaya Holdings Limited for a total consideration of
    S$301,076,514.00 (which is equivalent to S$1.35 per share).

    Jaya Holdings is a well-known owner and operator of offshore support vessels in the region and also owns yards building such vessels.

     

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