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(From Business Times (Malaysia))
Byline: Adeline Paul Raj
ANALYSTS said it would be a risky move for Sime Darby Bhd to take over plantations group Kumpulan Guthrie Bhd - a development that is widely speculated.
Sime Darby's share price closed unchanged at an 11-month low for the third day yesterday on the speculation, dealers said.
Guthrie meanwhile had its biggest one day drop this year, falling 5 per cent, or 14 sen, to RM2.56.
Most analysts contacted by Business Times were none too keen for Sime Darby to take over a company with over RM3 billion in debt and with a return on equity much lower than its own.