Nera Telecommunications Receives Takeover Offer

Nera Telecommunications Ltd (SG:N01) has released an update.

Nera Telecommunications Ltd has received a mandatory unconditional cash offer from Ennoconn Corporation, with DBS Bank Ltd acting on Ennoconn’s behalf to acquire all outstanding shares. Shareholders are advised to consult professional advisors for guidance and to consider the independent directors’ opinions before responding to the offer, which is set to close on 23 October 2024 without an extension or revision of the offer price.

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