Nyoike is hilarious, kwani when large blocks trade everyday his ministry has to be informed. I feel sad that we have MP's and PS's like nyoike at the helm. No wonder we aren't moving forward even with Mirage 2030. This is a listed company, only has to be informed over an impeding takeover and once they give a go ahead can the parties pursue various regulators. Last time I checked, CMA was an arm of government. If Nyoiks could put his thinking cap on, he would realize why it's important only CMA knows in the first instance. Else Nyoike and his staff would easily have gone to the market with the information and made a killing while your ordinary investor without the information wouldn't have known or would have sold to Nyoike unwittingly.

Something else buffling me is the suit by members of staff. Simply because Puma bought BP SA and laid of staff is not grounds to block them from buying KeKe. They could easily buy a 20% of the company come into the board and lobby for the same lay offs. We have a problem in Kenya where people believe employment is marriage or family with permanent ties. Employment is a contractual business relationship which can be terminated. Why are employees struggling with this simple fact. What do they want a pay off or guarantees or some loving....

The government was kept in the dark over the impending takeover of KenolKobil by Puma Energy of Switzerland,
putting at risk the interest of minority shareholders, workers and creditors.
“We read in the papers of their-Puma-intentions to take over KenolKobil,” said Mr Nyoike.
http://www.businessdaily.../-/qhxd9yz/-/index.html

Nyoike probably wanted to be informed beforehand so that he dashes to the market and buy.