Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » SODIC MTO is Going Through⚡
Yesterday was the deadline for SODIC shareholders to respond to the mandatory tender offer (MTO) by Aldar-ADQ consortium. Aldar-ADQ consortium is set to acquire 85.5% of SODIC.
More details🧐 Holders of over 85% of SODIC’s shares (~304.6 million) have placed orders for the EGP 20/share offer by the UAE consortium.
The MTO required a minimum acquisition of 51% of SODIC’s shares to go through. It also offered to buy up to 90% of the real estate developers’ shares.
© Thndr. All rights reserved
Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved
Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.
This is why we introduced Thndr Thinkers💭
Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!
Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts
Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!
Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours
Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.
Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers
No promotional content🚫 We don’t publish promotional content.
Any questions about becoming a Thndr Thinker? Email email@example.com and we’d be happy to help!
Normally, your article will be published within 24 hours of submission (if you followed the guidelines)