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Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » Race for Pachin could get even more serious

Race for Pachin could get even more serious

by Shams Abbas
February 5, 2023

The Clap
All of the last three bidders for Pachin are reportedly prepared to bid mandatory tender offers (MTO).

What
The three companies, National Paints, Eagle Chemicals, & Compass Capital have offered initial offers of EGP 29/share, EGP 29.5/share, & EGP 30/share, which Pachin is currently studying.

So what
MTOs are submitted after the acquiring party reaches an agreement with the target company regarding the value of the deal, to which shareholders may sell or keep their shares.

Now what
According to Al Shorouk Newspaper, the value of the MTOs could range from EGP 31-33/share.

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