Kesho ni mbali sana.... castles castles nita lala kweli

This also leads me to believe that a settlement with KPC is likely since MoE will stick its nose in the business of KK's takeover since it is the largest OMC in Kenya [& the region].

I hope KK settles it for a hefty sum/credit which would add value to KK's earnings & NAV.

I believe Puma has to acquire 80% of all outstanding shares to initiate a Takeover

1) Puma buys out 'major' shareholders [say 60%]
2) Puma applies to CMA to acquire an additional 20-40%
3) If Puma acquires at least 80%, then it can launch a compulsory takeover [which means it makes another offer to the rest]. Can also be de-listed unless exempted. In this scenario, there may be a compulsory buyout UNLESS one says they DON'T want to sell.
4) If 90% & over is acquired then a delisting can happen even for those who never sold.

Why would minority shareholders not sell?

1) Dead, stuck in limbo, etc [inactive shareholders]
2) Some feel the price is too low to sell
3) Inaction or defiance.

Should that be the case, how would we ensure we get a better price? i mean how do they calculate the offer price to the rest of the shareholders so that they takeover amicably