KUALA LUMPUR: Reject the takeover offer, independent adviser DWA Advisory Sdn Bhd told minority shareholders of furniture maker Euro Holdings Bhd as it described the offer of 44 sen a share as ???Not Fair???.

DWA said in its independent advice to minority shareholders on Friday the offer price did not reflect the fair value of Euro Holdings shares as indicated in its realised net asset value (RNAV) and was below the market prices.

???As such, the Offer is Not Fair. The trading of Euro Holdings shares had been relatively liquid for the past 12 months and the joint offerors have indicated their intention to maintain the listing status of Euro Holdings.

???As such, the Offer is Not Reasonable as there are no sufficient reasons for the holders to accept the offer,??? it said.

Read more at https://www.thestar.com.my/business/business-news/2014/10/03/reject-offer-dwa-advisory-tells-euro-holdings-minority-shareholders/#xGZVqG8XW6iy8dcZ.99