Sorry wrong epic, this has got to be the float of the year, not in wish I was, now seems a little late.

On the move again .

I dont believe it..!

t/o finally ;

StockMarketWire.com
New Britain Palm Oil (NBPO) has received formal notification from Sime Darby Plantation Sdn Bhd of its intention to make a cash offer for all the issued and to be issued shares at a price of £7.15 each.

Key Points:
§ Cash takeover offer from diversified, multinational plantation group Sime Darby

§ Full general offer to all NBPOL shareholders pursuant to PNG Takeovers Code

§ Offer values 100% of NBPOL equity at GBP 1,073 million (PGK 4,319 million)

§ Offer price of GBP 7.15 or PGK 28.79 per share represents an attractive premium to recent trading levels

§ Offer is subject to certain conditions, including a minimum acceptance condition of 51%, no material adverse change to NBPOL and certain regulatory approvals

§ In relation to Rule 27A of the Code, the PNG Prime Minister has written to Sime Darby acknowledging that Sime Darby is keen to make a general offer for NBPOL and reiterating that Sime Darby's proposed acquisition of a shareholding in NBPOL will not be contrary to PNG's national interest

§ Independent Board Committee intends to unanimously recommend that NBPOL shareholders accept the Offer, in the absence of a superior proposal and subject to the independent adviser concluding that the Offer is fair and reasonable