Total will remain in town. They are one of the 2 downstream partners in Uganda, the other is CNOOC. With ongoing prospecting in Kenya I doubt they want to leave soon.

Unlike the Unilever deal which was a massive rip off and stank to the skies - thanks to Stella's incompetence, KayKay may be different because the acquirer is not yet a shareholder in the business and the strike price achieved in the initial entry will be a good guide as to what minorities are to expect. I believe Kestrel Capital is advising Biwott & co and will definitely push for a decent enough price - likely above valuation coz of the control premium. Puma will not want to keep minorities around for longer lest the value of the company rises thereafter and will probably pay a similar price or a few cents more to that paid to Biwott. What helps is that Kestrel have consistently valued the share at 17+ so they would look stupid and loose credibility if they advised their client to accept a lower price regardless of any material info inside KeKe not known to the public.

I would have been miffed if it was Biwott launching a takeover. That would be similar to the theft Brooke Bond (majority in Unilever) did in July 2008. They knew that tea prices were rising from mid 2008 and since the stock markets were depressed, added onto a severe drought(low tea vols) and Wanjiku didn't know there was tonnes of upside ahead it was opportune for them to steal from natives. African Alliance was picked by Unilever to advise Minorities - never mind Unilever was then under control of Broke Bond and Stella accented to this. I raised this issue with them and pointed to them the bad counsel and poor valuation forecasts they were about to dish out to minorities when they didn't even have a clue on the direction of tea prices in the market. CMA typical of them not to engage their brains when called upon to, stayed true to their lazy selves and sanctioned the deal. From 2009 (a few months post the deal) and till today Unilever has been making tonnes of cash from tea. I bet Wanjiku would have made 300%+ i.e 62bob then until now. Williamson was at 48bob then and was 230 before sale of building. Added onto that Unilever has better farms and is better run than Williamson. When a company is delisted it should surely be via an arms length transaction and preserving the role of capital markets in the country as opposed to allowing ruthless capitalism to prevail, because most minorities don't want to remain in private equity status for obvious reasons. Short changing them is opening public capital markets to the abuse of large investors which is what the Unilever deal did. Am sure Stella and co have never bothered to do a post decision review..

This laughter is infectious!

hisah, at the right price I won't be copmlaining...

Even Adre de Simone the CEO of Kestrel supports suspension for a short time. How short the timeline will be its up to Stella Kilonzo to decide but from past experiences short time can be upto 90days. if the minority shareholders are defiant this thing could drag for long just like Carbacid. My verdict crystal ball tells me that KK will be delisted, once you are the majority shareholder you do what you want. How soon will depend on the side CMA/GOK will find comfort.
But considering KK has been one sore ass and has so many pending issues with KPC (GOK) etc etc the take-over may be drag for long upto 2yrs.

Maybe they wan't to delist soon before the KPC settlement is done. A settlement now will definitely add to the markup...