Singapore: Northstar-backed Star Engineering opts out of Spindex bidding war

Singapore: Northstar-backed Star Engineering opts out of Spindex bidding war

Private Equity firm Northstar Advisors-backed Star Engineering has decided against bidding for Singapore-listed Spindex Industries (SIL), after the consortium led by the company’s chairman acquired a majority stake in it, which makes the offer by the company’s management family unconditional.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter