This is unless shareholders are able to obtain a price higher than the offer price on the open market, taking into account all brokerage commissions and transaction costs in connection with open market transactions, both the independent directors and the IFA said. The Lee family that owns 800 Super made a voluntary conditional offer for the rubbish collection firm in May, in a bid to delist it. They are offering S$0.90 in cash for each share, in a deal that values the company at S$161 million, and do not intend to increase the offer price. The Lee family is tapping private equity firm KKR to finance the offer. KKR will provide a combination of debt and structured equity financing, from pools of capital including KKR's Private Credit Opportunities II fund and proprietary investment vehicles. The offer will close at 5.30pm on June 24. Shares of 800 Super were trading flat at S$0.89 as of 10.21am on Monday.