Tradewinds shares hit 5-month high after $490 mln buyout offer

Newswire

KUALA LUMPUR, Dec 26 (Reuters) - Shares in Malaysian commodity firm Tradewinds (M) Bhd jumped to an five-month high on Wednesday following a 1.5 billion ringgit ($489.40 million) buyout offer by Malaysia's seventh richest man Syed Mokhtar Al-Bukhary. Tradewinds surged nearly 15 percent to 8.90 ringgit on Wednesday, just a whisker from the offer price of 9.30 ringgit made by the reclusive tycoon. The deal would result in the Syed Mokhtar leading a mandatory ...

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