Jakarta (ANTARA News) - Dutch firm Nutricia International BV will extend a tender offer to buy shares of Indonesian health food maker PT Sari Husada it does not already own from minority shareholders by one month or until March 20.
Nutricia owns 93.52 pct of Sari Husada.
The minority shareholders hold a combined 1.33 pct stake in Sari Husada.
The remainder is comprised of treasury stock owned by Sari Husada founders.
Sari Husada said that in the first tender offer period that ended yesterday, Nutricia has bought 22.22 mln shares or about 85 pct of the shares held by the minority shareholders.
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