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ARM HY2017
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Pesa Nane wrote:From kinyozi to the mortician  Asante sana Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:ARM Cement suitors get February deadlineFirms interested in buying out troubled ARM Cement have until the end of this month to make final offers to the company’s administrators PricewaterhouseCoopers (PwC). A new report sent by the administrators to ARM’s creditors has provided additional information on the status of the plans to sell the Nairobi Securities Exchange-listed firm to a strategic investor. “The deadline for submission of binding offers is February 28, 2019,” PwC said in the report seen by Business Daily. “We will keep you posted on the status of the transaction going forward as we progress our efforts aimed at reaching a suitable solution for the company’s challenges.” Non-disclosure agreementsPwC says 25 companies expressed their interest in taking over ARM, with 23 of these firms signing non-disclosure agreements which allowed them to receive additional information about the cement manufacturer. “Further to the above, in mid-December, we received a total of fourteen (14) non-binding offers (NBOs) from various interested parties,” PwC said. Due diligence“We reviewed these NBOs and shortlisted a number of parties whose offers best suited the objectives of the envisaged transaction to proceed to the next round of conducting their due diligence, with a view to submitting binding offers.” Ahead of making binding offers, the shortlisted potential acquirers are currently interviewing the company’s management teams and visiting its various cement plants. PwC says it cannot offer more detailed information, adding that it is keen on safeguarding the integrity of the transaction process. While the administrators did not name the shortlisted companies, they are believed to include Nigeria’s Dangote Cement and Oman’s Raysut–which went public with its Sh10.2 billion buyout offer. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Totally F'ed up "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky
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murchr wrote:Totally F'ed up
at least they will get 1/3 of their money back There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Pesa Nane wrote:Quote:ARM Cement suitors get February deadlineFirms interested in buying out troubled ARM Cement have until the end of this month to make final offers to the company’s administrators PricewaterhouseCoopers (PwC). A new report sent by the administrators to ARM’s creditors has provided additional information on the status of the plans to sell the Nairobi Securities Exchange-listed firm to a strategic investor. “The deadline for submission of binding offers is February 28, 2019,” PwC said in the report seen by Business Daily. “We will keep you posted on the status of the transaction going forward as we progress our efforts aimed at reaching a suitable solution for the company’s challenges.” Non-disclosure agreementsPwC says 25 companies expressed their interest in taking over ARM, with 23 of these firms signing non-disclosure agreements which allowed them to receive additional information about the cement manufacturer. “Further to the above, in mid-December, we received a total of fourteen (14) non-binding offers (NBOs) from various interested parties,” PwC said. Due diligence“We reviewed these NBOs and shortlisted a number of parties whose offers best suited the objectives of the envisaged transaction to proceed to the next round of conducting their due diligence, with a view to submitting binding offers.” Ahead of making binding offers, the shortlisted potential acquirers are currently interviewing the company’s management teams and visiting its various cement plants. PwC says it cannot offer more detailed information, adding that it is keen on safeguarding the integrity of the transaction process. While the administrators did not name the shortlisted companies, they are believed to include Nigeria’s Dangote Cement and Oman’s Raysut–which went public with its Sh10.2 billion buyout offer. Any info on the bid offers @Pesanane? Dumb money becomes dumb only when it listens to smart money
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Fyatu wrote:Pesa Nane wrote:Quote:ARM Cement suitors get February deadlineFirms interested in buying out troubled ARM Cement have until the end of this month to make final offers to the company’s administrators PricewaterhouseCoopers (PwC). A new report sent by the administrators to ARM’s creditors has provided additional information on the status of the plans to sell the Nairobi Securities Exchange-listed firm to a strategic investor. “The deadline for submission of binding offers is February 28, 2019,” PwC said in the report seen by Business Daily. “We will keep you posted on the status of the transaction going forward as we progress our efforts aimed at reaching a suitable solution for the company’s challenges.” Non-disclosure agreementsPwC says 25 companies expressed their interest in taking over ARM, with 23 of these firms signing non-disclosure agreements which allowed them to receive additional information about the cement manufacturer. “Further to the above, in mid-December, we received a total of fourteen (14) non-binding offers (NBOs) from various interested parties,” PwC said. Due diligence“We reviewed these NBOs and shortlisted a number of parties whose offers best suited the objectives of the envisaged transaction to proceed to the next round of conducting their due diligence, with a view to submitting binding offers.” Ahead of making binding offers, the shortlisted potential acquirers are currently interviewing the company’s management teams and visiting its various cement plants. PwC says it cannot offer more detailed information, adding that it is keen on safeguarding the integrity of the transaction process. While the administrators did not name the shortlisted companies, they are believed to include Nigeria’s Dangote Cement and Oman’s Raysut–which went public with its Sh10.2 billion buyout offer. Any info on the bid offers @Pesanane? Bid period extended to mid-March. Previously this info would be first published by the so-called leading business newspaper lakini it is clear watu huko Kimathi street wamelala fo fo fo https://kenyanwallstreet.com/dangote-still-interested-in-arm-cement/Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Fyatu wrote:Fyatu wrote:Pesa Nane wrote:Quote:ARM Cement suitors get February deadlineFirms interested in buying out troubled ARM Cement have until the end of this month to make final offers to the company’s administrators PricewaterhouseCoopers (PwC). A new report sent by the administrators to ARM’s creditors has provided additional information on the status of the plans to sell the Nairobi Securities Exchange-listed firm to a strategic investor. “The deadline for submission of binding offers is February 28, 2019,” PwC said in the report seen by Business Daily. “We will keep you posted on the status of the transaction going forward as we progress our efforts aimed at reaching a suitable solution for the company’s challenges.” Non-disclosure agreementsPwC says 25 companies expressed their interest in taking over ARM, with 23 of these firms signing non-disclosure agreements which allowed them to receive additional information about the cement manufacturer. “Further to the above, in mid-December, we received a total of fourteen (14) non-binding offers (NBOs) from various interested parties,” PwC said. Due diligence“We reviewed these NBOs and shortlisted a number of parties whose offers best suited the objectives of the envisaged transaction to proceed to the next round of conducting their due diligence, with a view to submitting binding offers.” Ahead of making binding offers, the shortlisted potential acquirers are currently interviewing the company’s management teams and visiting its various cement plants. PwC says it cannot offer more detailed information, adding that it is keen on safeguarding the integrity of the transaction process. While the administrators did not name the shortlisted companies, they are believed to include Nigeria’s Dangote Cement and Oman’s Raysut–which went public with its Sh10.2 billion buyout offer. Any info on the bid offers @Pesanane? Bid period extended to mid-March. Previously this info would be first published by the so-called leading business newspaper lakini it is clear watu huko Kimathi street wamelala fo fo fo https://kenyanwallstreet.com/dangote-still-interested-in-arm-cement/ hao siku hizi nikutafuta corruption scandals za DP Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky
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https://www.businessdailyafrica.com/corporate/companies/ARM-buyout-bids-deadline-extended-to-mid-March/4003102-5008040-2o32pt/index.html“The administrators, in consultation with the transaction advisers, extended bids submission deadline for bidders interested in ARM Cement PLC (under Administration) to mid-March following requests by several bidders for more time to allow them to finalise ongoing due diligence and put together binding offers that meet the administrators’ requirements,” Muniu Thoithi, a PwC executive and one of ARM’s administrators, said. somebody was most likely waiting for others to bid and appear last with highest bid There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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By the time PwC is through with ARM,  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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At least investors are assured of decency upon being asked to alight the KQ bus utapata change. Hii ARM unashukishwa na matusi bana
KQ ABP 4.26
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