Gulf Energy mulls tender offer for shares in AIS
SET-listed Gulf Energy Development, Thailand’s biggest private power producer by market value, says it may consider making a tender offer for the country’s biggest mobile operator Advanced Info Service’s (AIS) shares on the same day it does with the carrier’s major shareholder InTouch Holdings.
The move was based on Gulf’s board meeting on May 28 and the Stock Exchange of Thailand was notified on the same day.
The approach differs from the company’s earlier statement issued in April that it would…
