Feb 10, 2011

Unilever sets tender offer for Sara Lee

Unilever Indonesia Holding B.V. today announces a proposed tender offer of 159,783 shares or 10.65% of its total equity of PT Sara Lee Body Care Indonesia Tbk at Rp372,950 per share.
In a tender offer prospectus published today, Unilever Holding has mandated PT Kresna Graha Sekurindo Tbk as brokerage to hold the tender offer. The offering period is scheduled on February 10 to March 11 2011 and the payment date is scheduled on March 22.
Unilever Holding is controlling shareholder in Sara Lee with 1.34 million shares or 89.35% shareholding.  Based on shares transfer agreement, Unilever Holding has acquired the shares at Rp499.83 billion.

Disclosure: No position at the stock mentioned above.

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