Komatsu Ltd., the world's second-biggest maker of construction equipment has offered to buy the outstanding shares of its unit PT Komatsu Indonesia. If all goes well, it hopes to delist it from the Jakarta Stock exchange in December.
Already, Tokyo-based Komatsu has 68.4% of the Indonesian unit that supplies components to factories that make vehicles used in construction, mining and logging. Komatsu has offered to pay Rp8,500 $0.87 per share - a 62% premium to the stock's August 10 closing price of Rp5,250.
The offer values the stake at about $106 million. Jakarta-based Komatsu Indonesia asked the exchange to suspend trading of the shares Thursday August 11....
