The Clap
PACHIN (PACH) has officially received an offer from Sipes for the acquisition of 100% of the company at EGP 18.5 per share.
The Deets
The offer seeks a minimum of 60% of PACHIN’s shares, for a price range between EGP 17.5 – EGP 18.5 per share.
Sipes is looking to begin the due diligence process in order to settle on the final price of the offer.
PACHIN’s Future on the EGX
Sipes offer is to acquire 100% of the company. However, the minimum required for PACHIN to be listed is deducted from the shares so PACHIN can remain listed.
More Information
This is the second acquisition offer that PACHIN has received, following an offer from Saybad Investments for 100% of PACHIN’s shares at a proce between EGP 16 – EGP 16.5.
Sipes makes an acquisition offer for PACHIN 📃
