The Malaysian operator Measat has seen its shares surge to their highest point in six years amidst speculation that owner Ananda Krishnan may take the company private, following on from his delisting of the Malaysian DTH provider Astro All Asia…
The Malaysian operator Measat has seen its shares surge to their highest point in six years amidst speculation that owner Ananda Krishnan may take the company private, following on from his delisting of the Malaysian DTH provider Astro All Asia Networks.
Measat’s share price rose 47% in the week following March 17, when Krishnan announced his US$753m buyout bid for Astro. On March 23, Measat closed at RM3.33, its highest point since May 2004.
Astro is the anchor customer for Measat, and, strategically, it would make sense for it to follow Astro into privatisation. In the past, Measat has been the subject of speculation regarding a merger with Astro.
