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Section: Business News - Minor International Plc (MINT) stands to benefit from the takeover of Minor Corporation Plc as the hospitality company will obtain a new source of income, according to analysts, the Bangkok Post reports.
MINT will tender to acquire 100% of its affiliate through a share swap, with MINT to issue 511 million shares to exchange for 448 million outstanding shares of Minor. The swap ratio is one Minor share to 1.14 MINT shares.
Preeyanunt Tripetchuporn, an analyst at Phillip Securities, said the deal would be positive for MINT as it would expand its revenue base from Minor's two major businesses - lifestyle product distribution and …