Category: Buyout
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Sycamore planning a three-way split of Walgreens after buyout, FT reports
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(Reuters) – The Financial Times reported on Thursday – SYCAMORE Partners is planning to divide three main companies in separate units with distinctive capital structures after taking a special pharmacy chain. Nasdaqgs – quited quote • US dollar Near: February 26 at 4:00:01 pm EST Walgrens is said to have…
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Investors in EABL Uganda unit eye major windfall in buyout
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Minority shareholders in Uganda’s EABL subsidiary Uganda Breweries Limited (UBL) are set to receive a windfall of up to 34 times their historical investment in the company when they sell their 1.81 percent stake to EABL through a tender that opened a week ago. Files in EABL’s 2024 annual report…
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EABL to spend Sh426m on full buyout of Ugandan subsidiary
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Listed brewer EABL is set to spend Sh426 million to buy out minority shareholders in its subsidiary Uganda Breweries Limited (UBL) through a takeover bid that opened on Tuesday. EABL, which owns a 98.19 percent stake in the Ugandan beer company, said in a filing on Tuesday it would seek…
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Shareholder row at Old Mutual as billionaire seeks Sh1bn buyout
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Billionaire businessman Joel Kibe has filed a lawsuit against Old Mutual Holdings, seeking to buy it for a price likely to exceed Sh1 billion. Kibe accuses the insurance company of violating the rights of minority investors in favour of its largest shareholder, Old Mutual East Africa Holdings. In an application…
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DYdX Sale Attracts Crypto Market Makers For Buyout
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In a major development in the decentralized finance (DeFi) scene, DYDX Trading Inc., the company behind the eponymous decentralized exchange, is reportedly in talks to sell part of its derivatives trading platform to a consortium of major cryptocurrency market makers. The potential deal, which Perella Weinberg Partners is advising, could…
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Billionaire Baloobhai doubled Bamburi stake ahead of buyout
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Billionaire investor Balubhai Patel doubled his stake in Bamburi Cement ahead of the announcement of the company’s purchase, boosting his expected gains from the proposed deal. Shareholder filings as at June 30, 2024, show Mr. Patel’s stake in the cement company has risen to 30.52 million shares, or 8.41% of…
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Billionaire Baloobhai doubled Bamburi stake ahead of buyout
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Billionaire investor Balubhai Patel doubled his stake in Bamburi Cement ahead of the announcement of the company’s purchase, boosting his expected gains from the proposed deal. Shareholder filings as at June 30, 2024, show Mr. Patel’s stake in the cement company has risen to 30.52 million shares, or 8.41% of…
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Tanzania’s Amsons makes Sh23bn Bamburi buyout offer
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A Tanzania-based group with interests in energy, construction, food and transport has made a $180 million (Sh23.15 billion) offer to acquire the entire stake in Bamburi Cement in what would be one of the largest takeover deals in East Africa. Amsons Group, a family-owned business with operations in Tanzania, Zambia,…
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Tanzania’s Amsons makes Sh23bn Bamburi buyout offer
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A Tanzania-based group with interests in energy, construction, food and transport has made a $180 million (Sh23.15 billion) offer to acquire the entire stake in Bamburi Cement in what would be one of the largest takeover deals in East Africa. Amsons Group, a family-owned business with operations in Tanzania, Zambia,…
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NCBA completes buyout of AIG Kenya Insurance
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NCBA Group has announced the completion of the acquisition of 66.67 percent of AIG Kenya Insurance Company to take full ownership of the company. The lender said it has obtained all necessary approvals from the Kenya Competition Commission, the Insurance Regulatory Authority and the Central Bank of Kenya. The insurance…
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Ex-BOC chairman raises stake, wins rights to block his buyout
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Former Bank of China chief Ngugi Kiona raised his stake in the company to 11.2% in the year to March 2024 from 8.56% the previous year, putting it above the threshold required to prevent a compulsory purchase of his shares in the subject company. From the takeover offer. BOC’s 2023…