Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » FRA Approves EHDR Request for Extension on Acquisition Offer for EMRI⏲
The FRA has approved Egyptians Housing’s (EHDR) request for a 60-working-days extension to submit an offer to purchase Emerald for Real Estate Investments (EMRI).
More Details🧐 EHDR plans to acquire 90% of EMRI’s capital through a stock swap, which in mergers & acquisitions is the option to pay with stock rather than cash.
Why is this Important🤔 EHDR also confirmed that it doesn’t plan on submitting an offer for Emerald Development (EMDE).
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