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Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » LimeVest’s offer still rejected

LimeVest’s offer still rejected

by Omar El Shorafa
September 20, 2022

The Clap
LimeVest Partners and Tawasol Holding submitted a request to the FRA to amend their offer price for Alexandria New Medical Services (AMES) to EGP 49 per share, up from EGP 47.67, but AMES rejected the offer.

Rejected Offer
The company said that the offer does not reflect its real value or its material assets, and that the offer price is lower than the average closing price of the company’s stock during the past 6 months.

Background
Emirates Advanced Investments, the competing entity to acquire AMES, raised its offer price to EGP 48.62 per share.

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