CMA Cautionary Public Announcement Competing Offer
CMA Cautionary Public Announcement Competing Offer
Report Summary
This is a cautionary public announcement by Bamburi Cement PLC regarding a competing takeover intention by Savanna Clinker Limited. On August 27, 2024, Bamburi Cement received notice that Savanna Clinker intends to acquire all its shares at KES 70 per share. This competes with an earlier offer by Amsons Industries. Shareholders and the investing public are advised to exercise caution when dealing in Bamburi Cement's shares. Further details will be made available.