seems like christmas has come early so fast.

I get it KK might not be worth 74B, i am Just worried with the level of disclosure and the “vagueness” of the
cautionary statement combine it with the suspension....and read what they are saying they are headed to canaan with the compulsory takeover consoling their employees and telling the shareholders it is the right thing for Kenolkobil... while i agree i wait to look at their offer and decide if i will have reached my canaan or i will have to sail with puma seated silently at the far end corner.

The more I closely look at this deal, its speed, timing and events taking place the more i get convinced not to sell...

Shareholders of oil marketer KenolKobil stand to gain up to 68 per cent premium on their investment if the intended acquisition by international dealer, Puma Energy, is concluded.
Transaction advisors for the deal, Kestrel Capital, have estimated that KenolKobil’s shares are likely to fetch between Sh20.13 and Sh21 each in the takeover deal, which would imply a more than two-thirds premium over the Sh12.50 market price at the time of announcement of the ongoing transaction.

A price of Sh21 per share would value KenolKobil at Sh31 billion based on the total issued shares which number 1.5 billion. Puma Energy has announced that it is in buy-out negotiations with majority shareholders of KenolKobil, which may lead to a full takeover of the company and delisting from the Nairobi Securities Exchange (NSE).

http://www.businessdaily...32/-/5wpe1u/-/index.html