Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » Pachin receives yet another offer🎨
The ClapPachin (PACH) has received another acquisition offer, its third in 2022.
DeetsUAE’s National Paints has submitted a non-binding offer at EGP 29/share, targeting 100% of the company’s shares.
The EGP 29/share offer is an initial offer & could change after due diligence is conducted.
You should knowThis is by far the best offer Pachin has received, after previously receiving offers ranging between EGP 16.5-18.5/share from Sipes & Saybad.
Why this mattersPachin is one state-owned company the government is looking to exit.
PACH opened Sunday’s trading session up 20% on the back of the news.
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