Arab Dairy-Panda
ADPC
4.37%
1.72
0.07
ADPC
Saudi Egyptian Investment & Finance
SEIG
-12.66%
51.10
-7.41
SEIG
Beltone Holding
BTFH
-0.69%
2.89
-0.02
BTFH
Arab Dairy Products Co. announced it received a statement from Saudi Egyptian Investment & Finance as regards the ruling issued by the Economic Court obligating the latter to submit a mandatory tender offer for Arab Dairy total shares.
Pioneers Holding for Financial Investments had filed a legal action against Saudi Egyptian Investment before the Economic Court, requesting the company to be obligated to make a tender offer for Arab Dairy shares.
The Egyptian Financial Supervisory Authority (EFSA) on Tuesday that Pioneers Holding submitted a mandatory tender offer to buy up to 3611301 share, or 60.188% in Arab Dairy at EGP 56 per share.
Pioneers Holding for Financial Investments had filed a legal action against Saudi Egyptian Investment before the Economic Court, requesting the company to be obligated to make a tender offer for Arab Dairy shares.
The Egyptian Financial Supervisory Authority (EFSA) on Tuesday that Pioneers Holding submitted a mandatory tender offer to buy up to 3611301 share, or 60.188% in Arab Dairy at EGP 56 per share.
Source:
Mubasher