The government of Singapore is buying all the remaining shares in Neptune Orient Lines it does not already own in a surprise renationalisation.
An offer document from Goldman Sachs says the government through Temasek Holdings and other government-controlled companies will pay SGD 2.80 per share, representing a 3.7% premium on the closing share price today and a 15.2% premium on the weighted average price of the last month and 29.6%
