Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » Domty valued 38% higher than Expedition’s offer 🧐
The ClapBDO, who was appointed by Domty (DOMT) as an independent financial advisor, valued the stock at EGP 6.90, 38% more than Expedition’s offering price for Domty.BackgroundExpedition made an offer to acquire 34%, supplementing a 90% stake in Domty. Shareholders holding 45.8% responded by selling their shares.The DeetsAfter reaching the fair value of the stock, sources said that Expedition has no intention of raising its offering price for Domty.Expedition’s offer expires on September 13, 2022.
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