I thought the Update said Due Diligence, then Negotiations, then Price all running concurrent with approvals from authorities in the various countries KK operates in.
So what has been signed?
The shares are 'owned' in Kenya but the material change in ownership may be the critical factor here.
Kenya
Tanzania (who are always a pain)
Uganda
Rwanda
Burundi
Zambia
DRC
Mozambique (small presence)
Looking at the list of countries in which KK operates gives one a warm feeling. The Takover Price has to reflect the potential.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett