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Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » Domty allows due diligence 👨‍💼

Domty allows due diligence 👨‍💼

by Ziad Amin
April 5, 2022

The Claps
Domty (DOMT) agreed to allow Expedition Investments to conduct due diligence in order to complete its acquisition offer.

The Deets
Domty affirmed that both its Chairman & Managing Director are among the consortium that proposed the offer, which means their stakes will increase in the event the acquisition goes through.

Backstory
A consortium of investors presented Domty with a non-binding offer to acquire a 90% stake, with the final bid to be offered following due diligence.

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