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AccessKenya takeover offer at 14/=
Jamani
#161 Posted : Tuesday, July 09, 2013 3:41:20 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
AccessKenya is one of the largest Internet service providers in the East Africa region, with excellent management and strong sustainable growth potential based on high quality standards. Dimension Data has operated in Kenya since 2007 through three brands: Dimension Data Kenya, Plessey Kenya and Internet Solutions Kenya.

If the transaction is successful, the two companies will be integrated into the AccessKenya business, creating a single operational team led by the existing AccessKenya MD, Jonathan Somen. The IS brand will remain in the market to service the enterprise segment.
mlennyma
#162 Posted : Tuesday, July 09, 2013 3:53:52 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
http://www.businessdaily...8/-/3gi1a2z/-/index.html
"Don't let the fear of losing be greater than the excitement of winning."
Jamani
#163 Posted : Tuesday, July 09, 2013 3:55:45 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Jamani
#164 Posted : Tuesday, July 09, 2013 5:03:14 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554


Event
Date 2013
Closure of AccessKenya Share Register
6 May 2013
Approval Letter received from CMA
3 July 2013
Printing of Offer Document and Form of Acceptance
4 July 2013
Dimension Data serves AccessKenya Board with Offer Document
4 July 2013
Offer Opens
4 July 2013
Publication of Joint Press Release
8 July 2013
Posting Offer Document
9 July 2013
Offer Closes
14 Aug 2013
De-listing EGM
20 Aug 2013
Latest date for the announcement of Results and Filing with CMA as to Acceptances
28 Aug 2013
Settlement
within 14 days of the Offer being declared unconditional
Long-stop date
Dec 31 2013
Jamani
#165 Posted : Tuesday, July 09, 2013 5:30:40 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
King G wrote:
Jamani wrote:
At 14 lala! I stay put and delisted with Dimension Data


and then.... what will be the consequences of your choices (educate me please - how would you gain)


This is how.....

The proposed acquisition of AccessKenya will be beneficial to the Kenyan information, communications, and technol- ogy (“ICT”) sector in a number of ways, including:

• the Offer for the acquisition of AccessKenya by Dimension Data signifies a major vote of confidence in the country and its economy. This is a large investment of permanent capital and it further reinforces the attractiveness of Kenya as an investment destination for global multinationals.

• Dimension Data is a global leader in the provision and management of specialist IT infrastructure solutions. By employing global quality and service provision standards, Dimension Data will anticipate improving the competitiveness of the local industry and the performance and productivity of other businesses.

• enterprises will be able to procure a wider variety of ICT services including networking, converged communications, security, data centre solutions, cloud computing and contact centre
technologies. Dimension Data will serve corporate entities across a range of sectors in the economy.

• AccessKenya currently has extensive network coverage. Following the take-over and in order to achieve its strategic objectives, Dimension Data expects to make significant investments in ICT infrastructure and networks, equipment, business operations and human capital.

• Dimension Data also plans to use its Kenyan business as the regional hub for its East African operations. This will further the East African Community aim of having solid regional business operations.
mlennyma
#166 Posted : Friday, July 12, 2013 1:50:41 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
I have today been served with the acceptance form and offer documents.let me reason carefully.
"Don't let the fear of losing be greater than the excitement of winning."
xxxxx
#167 Posted : Friday, July 12, 2013 2:31:07 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
mlennyma wrote:
I have today been served with the acceptance form and offer documents.let me reason carefully.

.......as if you have a choicesmile smile
Jamani
#168 Posted : Friday, July 12, 2013 2:35:51 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
xxxxx wrote:
mlennyma wrote:
I have today been served with the acceptance form and offer documents.let me reason carefully.

.......as if you have a choicesmile smile

Laughing out loudly Laughing out loudly , I think (s)he has a choice... Take the money and move on or reject it and stay locked.
h2s
#169 Posted : Friday, July 12, 2013 2:36:54 PM
Rank: Member

Joined: 7/20/2012
Posts: 141
mlennyma wrote:
I have today been served with the acceptance form and offer documents.let me reason carefully.

Did you receive your documents through the post office?
Kanjora1
#170 Posted : Friday, July 12, 2013 2:50:46 PM
Rank: New-farer

Joined: 8/7/2012
Posts: 39
When is the deadline to return the docs? I have a small stake but I am away and won't get back before 26th July.
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