Northstar set to complete Nera telecommunications take-private
Northstar Pacific Partners has agreed to buy a controlling 50.05% stake in Nera Telecommunications from power conversion specialist Eltek and is offering to buy the entire company for S$177.3 million ($145 million). This is the Indonesian GP's first foray into the Singapore market.
Northstar - through its newly-incorporated unit Asia Systems - will acquire 181.1 million shares from Eltek at a price of S$0.49 apiece. This represents a discount of 5.8% from NeraTel's last closing price...
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