stocksmaster wrote:Am doing my dance of joy.........
The take-over was hinted by Segman last year.The key will be the price agreed upon between the major shareholder and Puma as this will give an idea of how the new entrant values KK and what offer will be extended to the minority shareholders.....have to do a research to see what puma offered other acquisitions and decide whether to cash in with the expected price rally or hold till puma comes for my shares......
The hunt doesn't get any sweeter......
Happy Hunting....
http://www.breakingviews...t-loan/21003764.article
They secured a $ 260M syndicated loan as per attached article above (Ksh 21.5B) which must be targetting the Kenyan acquisition.......thats about Ksh 14.6 per K.K share if thats all they plan to spend on K.K.
Hope the loan will be used to supplement their cash reserves coz Ksh 14.60 is too low for KK.
Would really like to know the exit price of the major shareholders but the way things are, i may not wait for Puma if the market offers a good exit price.
Can't wait for tommorrow to see how excited the market is..........
Happy Hunting....
x handle: @stocksmaster79