wazua Thu, Aug 27, 2026
Welcome Guest Search | Active Topics | Log In

31 Pages«<1617181920>»
Unga limited takeover
Options
Previous Topic · Next Topic
muandiwambeu
#171 Posted : Monday, May 14, 2018 12:19:36 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Ericsson wrote:
mlennyma wrote:
Pesa Nane wrote:
Quote:
CBA Capital Limited is the appointed Transaction Advisor and Sponsoring Brokers for Seaboard Corporation (acting in concert with Victus Limited) for the acquisition of 34,939,396 ordinary shares (46.15%) of Unga Group Plc being all the shares not already held by Seaboard and Victus at the Offer Price of KES 40 per share.


The Offer is made by Seaboard Corporation a global food, energy and transportation Fortune 500 company.

As a shareholder of Unga Group Plc (“Unga”), CBA Capital Limited wishes to inform you that Seaboard has received regulatory approval from the Capital Market’s Authority to proceed with the proposed takeover of Unga (the “Offer”). The Offer period opened on 30 May 2018 and is scheduled to close on 13 June 2018.

In the next couple of days, you will receive an information pack comprising (i) the Offer Document prepared by Seaboard and (ii) the Shareholder’s Circular prepared by Unga for review as you make your decision to take up the Seaboard Offer.

So why would any Tom buy at 40 or even 39 from the market?


Closing price on Friday was 39.75.
Basically the retail shareholders have been conned.


So that they can be bought out at 40/= by seabunny. Equite being bought here with being married and you have some sense why being bought is a clever idea.aApplause
,Behold, a sower went forth to sow;....
Back to top
  |
Sir invest
#172 Posted : Monday, May 14, 2018 12:20:50 PM
Rank: Member

Joined: 8/19/2015
Posts: 125
CMAs must have been bribed to allow this takeover!!!!
Back to top
  |
RIEK01
#173 Posted : Monday, May 14, 2018 1:13:40 PM
Rank: New-farer

Joined: 2/8/2018
Posts: 73
https://www.cma.or.ke/in...mp;id=14&Itemid=188

See who is chairman of the CMA. I think the small share holders should contest to ensure that the minimum payoff is book valuation based on the last financials ( after revaluation of the assets). I think with alot of NOISE the price can be improved, otherwise, a RESISTS from Unga products can make Sea Board get serious on the matter.
Back to top
  |
Ebenyo
#174 Posted : Monday, May 14, 2018 4:54:13 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,022
Location: Kitale
RIEK01 wrote:
https://www.cma.or.ke/index.php?option=com_content&view=article&id=14&Itemid=188

See who is chairman of the CMA. I think the small share holders should contest to ensure that the minimum payoff is book valuation based on the last financials ( after revaluation of the assets). I think with alot of NOISE the price can be improved, otherwise, a RESISTS from Unga products can make Sea Board get serious on the matter.



The report on Unga valuation which was ordered by CMA should be made public too.
Towards the goal of financial freedom
Back to top
  |
Angelica _ann
#175 Posted : Monday, May 14, 2018 5:09:09 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,941
Ebenyo wrote:
RIEK01 wrote:
https://www.cma.or.ke/index.php?option=com_content&view=article&id=14&Itemid=188

See who is chairman of the CMA. I think the small share holders should contest to ensure that the minimum payoff is book valuation based on the last financials ( after revaluation of the assets). I think with alot of NOISE the price can be improved, otherwise, a RESISTS from Unga products can make Sea Board get serious on the matter.



The report on Unga valuation which was ordered by CMA should be made public too.


Fighting a losing battle, chukueni pesa & move on smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
  |
VituVingiSana
#176 Posted : Monday, May 14, 2018 10:21:55 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,431
Location: Nairobi
Ebenyo wrote:
RIEK01 wrote:
https://www.cma.or.ke/index.php?option=com_content&view=article&id=14&Itemid=188

See who is chairman of the CMA. I think the small share holders should contest to ensure that the minimum payoff is book valuation based on the last financials ( after revaluation of the assets). I think with alot of NOISE the price can be improved, otherwise, a RESISTS from Unga products can make Sea Board get serious on the matter.


The report on Unga valuation which was ordered by CMA should be made public too.
Unga Group (not CMA) ordered the valuation report. Now we wait to see what it said! I wonder if an abridged or full version will be provided in the circular.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  | | Edit by user: Tuesday, May 15, 2018 12:15 AM | Reason: Not specified
VyaBureSiachi
#177 Posted : Tuesday, May 15, 2018 11:30:32 AM
Rank: New-farer

Joined: 2/27/2018
Posts: 61
Location: Cambrian Dc
I just received an email from CBA on the takeover offer but I had sold my unga shares after the trading suspension had been lifted.
Am I entitled to the offer? @VVS please advise kunaenda aje.
If the radiance of a thousand suns were to burst at once into the sky that would be like the splendour of the mighty one.
Back to top
  |
VituVingiSana
#178 Posted : Tuesday, May 15, 2018 11:41:22 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,431
Location: Nairobi
VyaBureSiachi wrote:
I just received an email from CBA on the takeover offer but I had sold my unga shares after the trading suspension had been lifted.
Am I entitled to the offer? @VVS please advise kunaenda aje.

If you sold your shares then why would you expect to be paid again for the same shares?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
obiero
#179 Posted : Tuesday, May 15, 2018 12:19:25 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,455
Location: nairobi
VituVingiSana wrote:
VyaBureSiachi wrote:
I just received an email from CBA on the takeover offer but I had sold my unga shares after the trading suspension had been lifted.
Am I entitled to the offer? @VVS please advise kunaenda aje.

If you sold your shares then why would you expect to be paid again for the same shares?

@vbs urgently submit the same to your broker for reconciliation of that communication to its new owner, being the one who bought your shares
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
Back to top
WWW
  |
muandiwambeu
#180 Posted : Tuesday, May 15, 2018 12:21:44 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
VituVingiSana wrote:
VyaBureSiachi wrote:
I just received an email from CBA on the takeover offer but I had sold my unga shares after the trading suspension had been lifted.
Am I entitled to the offer? @VVS please advise kunaenda aje.

If you sold your shares then why would you expect to be paid again for the same shares?

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly unauliza VyaBureSiachi nini @vvs
,Behold, a sower went forth to sow;....
Back to top
  |
31 Pages«<1617181920>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.