Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » SODIC makes an offer to acquire Madinet Nasr! 🚨
The ClapSODIC (OCDI) has made an offer to acquire 100% of Madinet Nasr Housing (MNHD).The DeetsThe offer proposed by SODIC values the stock somewhere between EGP 3.2 and EGP 3.4. The price will be set once SODIC has completed its due diligence on MNHD. The current set price is just a rough valuation to make the initial offer.How does this affect MNHD?MNHD has already seen an 11.6% increase in its stock price today, rising to EGP 2.79 per share.
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