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Potential merger NIC + CBA
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Horton
#1 Posted : Thursday, December 06, 2018 5:38:05 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement
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murchr
#2 Posted : Thursday, December 06, 2018 5:41:45 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?
"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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mwekez@ji
#3 Posted : Thursday, December 06, 2018 5:47:26 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
murchr wrote:
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

I would say the other way round, CBA will be listed. Reverse listing
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murchr
#4 Posted : Thursday, December 06, 2018 5:59:22 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
mwekez@ji wrote:
murchr wrote:
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

I would say the other way round, CBA will be listed. Reverse listing


So existing NIC shareholders own CBA? So how does that work? Asking from a very layman position.
"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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AndyC
#5 Posted : Thursday, December 06, 2018 6:14:36 PM
Rank: Member

Joined: 4/21/2015
Posts: 151
murchr wrote:
mwekez@ji wrote:
murchr wrote:
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

I would say the other way round, CBA will be listed. Reverse listing


So existing NIC shareholders own CBA? So how does that work? Asking from a very layman position.


Kweli lisemwalo Lipo kama halipo laja...this was a rumour sometimes back.
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murchr
#6 Posted : Thursday, December 06, 2018 6:18:57 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Here is the doc



"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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  | | Edit by user: Thursday, December 06, 2018 6:23 PM | Reason: Not specified
Horton
#7 Posted : Thursday, December 06, 2018 6:24:39 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Seems like these 2 have been dating for a while 😆😆😆 Jan 2015 apparently

https://businesstoday.co...and-nic-in-merger-talks/
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Ericsson
#8 Posted : Thursday, December 06, 2018 6:27:53 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,836
Location: NAIROBI
murchr wrote:
mwekez@ji wrote:
murchr wrote:
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

I would say the other way round, CBA will be listed. Reverse listing


So existing NIC shareholders own CBA? So how does that work? Asking from a very layman position.


There will be a ratio of how shareholders of NIC will get ownership of CBA.
The merger is similar to the cfc and Stanbic merger
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#9 Posted : Thursday, December 06, 2018 6:50:20 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
Ericsson wrote:
murchr wrote:
mwekez@ji wrote:
murchr wrote:
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

I would say the other way round, CBA will be listed. Reverse listing


So existing NIC shareholders own CBA? So how does that work? Asking from a very layman position.


There will be a ratio of how shareholders of NIC will get ownership of CBA.
The merger is similar to the cfc and Stanbic merger

Of course the buyer in this case is CBA and not the reverse
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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obiero
#10 Posted : Thursday, December 06, 2018 6:53:09 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
murchr wrote:
Horton wrote:
Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement





Does that mean NIC will be de-listed?

Yes. Its more than likely considering trends of other Kenyatta family enterprise
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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