SINGAPORE (June 26): Indofood Sukses Makmur’s bid to take over mainboard-listed Indofood Agri Resources has lapsed – with the controlling shareholder falling less than 2 percentage points off the mark.

The Indomie maker, backed by Indonesia’s Salim Group, had made a buyout offer of 32.75 cents per share for Indofood Agri.

The offer was conditional upon Indofood Sukses Makmur holding more than a 90% stake in Indofood Agri at the close of the offer at 5.30pm on June 25.

But Indofood Sukses Makmur came up just short.

At the close of the offer, the shares owned, controlled or agreed to be acquired, including...(click on link for full story on theedgesingapore.com)