So according TO the press statement Puma has 6weeks to do due diligence with 2 weeks extension if they require it.

So the shares might be suspended upto July where we might also get the Offer price.

so segman and company will be making all their money with their esop plan while we the common people will be left out . bad i like @ycnt way of thinking . just take what thrown at u.

Those who got their dividend, was is a cheque or EFT.
My EFT bado!

Back to the circular released today on compulsory acquisition, if they offer anything above Ksh20bob i will have made 100% return. I think we may not have too many options and i will be on the side of majority shareholders.

@selah. I see this going through the unilever, brookebond way.
Most likely the suspension will never be lifted(unless the takeover fails). The next share action will be for shareholders to accept or reject the offer.

BROOKE BOND BIDS TO TAKE OVER UNILEVER
10 Jul 08
Brooke Bond Group Limited has proposed a takeover of Unilever Tea Kenya Limited (UTKL) which has suffered the tightening market conditions across the globe. UTKL is planning to introduce some radical changes as they seek to attain a competitive edge in the market.
Brooke Bond, a UK incorporated company, already holds an 88.2 % stake of the company and is now seeking to take up the remaining 11.76% - an equivalent of 5.75 million ordinary shares valued at Kshs.62 each.
If this takeover is successful. It will see the UTKL shares de-listed from the Nairobi Stock Exchange and all the shareholders (other than the Brooke Bond) will be offered Kshs.62 for each of the shares held as at 7th July 2008.
The shareholders will receive comprehensive documents in connection with the proposed offer, including offer documents, a letter of recommendation from the board of directors among others. These letters are expected to be sent on or about the 5th of September 2008.
However, if the takeover does not sail through by 6th of October 2008, dealings of UTKL will resume at the NSE on or about 19th of October 2008.

unilever was suspended on 8th july 2008