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Unga limited takeover
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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;....
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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!!!!
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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.
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Ebenyo
#174 Posted : Monday, May 14, 2018 4:54:13 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
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
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Angelica _ann
#175 Posted : Monday, May 14, 2018 5:09:09 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
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
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VituVingiSana
#176 Posted : Monday, May 14, 2018 10:21:55 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
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
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VyaBureSiachi
#177 Posted : Tuesday, May 15, 2018 11:30:32 AM
Rank: New-farer

Joined: 2/27/2018
Posts: 59
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.
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VituVingiSana
#178 Posted : Tuesday, May 15, 2018 11:41:22 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
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
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obiero
#179 Posted : Tuesday, May 15, 2018 12:19:25 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
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

KQ ABP 4.26
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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;....
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