Thndr Claps » EGY Claps » FRA 🏢 » Beltone stock surges following new offer📊
The ClapBeltone’s stock surged 11.16% on the back of news that UAE investment firm “Chimera” had made a purchase offer of EGP 1.485/share.
The deetsBeltone asked the FRA to stop the due diligence being conducted by WM Consultancy, the company that made the previous offer.
You should knowWM Consultancy’s EGP 1.35/share offer was contingent upon the due diligence Beltone. Chimera’s offer, which is financially superior to WM’s, is not contingent on due diligence.
Why this mattersChimera’s offer would total EGP 595.5 million, while WM Consultancy’s offer would total EGP 541 million.
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