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Offer for Maker of Singer: Berjaya Corp....

Offer for Maker of Singer: Berjaya Corp. (Malaysia) Berhard made a $211-million, or a $33-a-share, tender offer for the outstanding shares of SSMC Inc., the Shelton, Conn., maker of Singer sewing machines. The group, led by Malaysian investor Vincent Tan, already owns just under 10% of SSMC’s 7.1 million outstanding shares. SSMC had previously agreed to be acquired by Semi-Tech Microelectronics (Far East) Ltd. for about $23 a share plus $7 of preferred stock, totaling $220 million. SSMC said its board will meet to consider the Berjaya offer.


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