IN what seems to be a tactical move, the Federal Land Development Authority (Felda) relaunched its bid this week to take FGV Holdings Bhd private – five years after the first one. This offer is being made at the same price as the earlier offer, at RM1.30 a share.

The playing field, however, seems to have changed. Felda now has new allies, including the Pahang government which rejected the offer five years ago.