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Friday, August 8, 2014

State fund offers to take Malaysia Airlines private (CNBC)

Malaysia Airlines (MAS) said Friday that state fund Khazanah has offered 27 sen a share, amounting to 1.4 billion ringgit ($435 million), to take the beleaguered airline private.

The offer is at a premium to the airline's closing price of 24 sen per share on Thursday. Shares were halted on Friday pending the announcement.

The carrier will request for a delisting due to "deteriorating financial performance" and Khazanah, which owns 69 percent of MAS, will undertake a comprehensive review and restructuring of the airline, MAS said...

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