Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » Pachin playing hard to get 👎

Pachin playing hard to get 👎

by Omar El Shorafa
January 15, 2023

The Clap
Pachin’s (PACH) largest shareholder is unhappy with the price of the most recent takeover offer at EGP 30 per share, on the back of the new FX rates, according to sources.

Background
Pachin received several acquisition offers, the latest of which was an offer from Compass Capital to acquire up to 90% of Pachin for EGP 30 per share.

What
Sources say that the company relies on exports and has investments in Libya, which makes it benefit significantly from the current FX rates.

So what
The company’s shareholders value the company at more than EGP 30 per share.

Now What
According to sources, Eagle Chemicals and National Paints, the previous bidders, are strongly considering raising their bids to more than EGP 30 per share.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Pachin offers not good enough? 🎨
Mergers & Acquisitions 🤝

A fifth acquisition offer for Pachin🎨

by Shams Abbas
January 4, 2023
Mergers & Acquisitions 🤝

Pachin receives a fourth offer; this time at EGP 29.5/share🎨

by Shams Abbas
December 26, 2022
Mergers & Acquisitions 🤝

B Investments sells its stake in TotalEnergies⛽

by Shams Abbas
December 25, 2022
Mergers & Acquisitions 🤝

GB Auto’s subsidiary sells a stake in its subsidiary🍥

by Shams Abbas
December 19, 2022
Mergers & Acquisitions 🤝

Strategic investor has its eye on Banque du Caire👀

by Shams Abbas
December 18, 2022
PIF close to acquiring United bank🏦
Mergers & Acquisitions 🤝

PIF close to acquiring United bank🏦

by Shams Abbas
December 12, 2022

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)