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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: 6,183
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: 6,183
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.
mlennyma
#171 Posted : Friday, July 12, 2013 3:03:18 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Through post,deadline august 14th
"Don't let the fear of losing be greater than the excitement of winning."
h2s
#172 Posted : Friday, July 12, 2013 3:24:35 PM
Rank: Member


Joined: 7/20/2012
Posts: 141
mlennyma wrote:
Through post,deadline august 14th

Thanks. But what happens if they don't reach by end of July?
Can they be downloaded from the net?
mlennyma
#173 Posted : Friday, July 12, 2013 3:36:48 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
There is enough time unless you are in syria.
"Don't let the fear of losing be greater than the excitement of winning."
h2s
#174 Posted : Friday, July 12, 2013 4:14:39 PM
Rank: Member


Joined: 7/20/2012
Posts: 141
mlennyma wrote:
There is enough time unless you are in syria.

smile
Realtreaty
#175 Posted : Friday, July 12, 2013 7:12:14 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
The poor sell their Kidneys cheaply ! When will we get our money at the bank, we do not need too much stories as the stock is not trading!
With the coming ICT at Konza, Access has been sold cheaply. This is the company that will make the buyer rich after our money established its infrastructure. The actual average price could better stand at 21Kes. I guess the Somens are still part and parcel of the buyer and a good lawyer must probe them as they increased their holding having inside information to sell the company. So will the Govt probe them if they invest into the new buyer?
mlennyma
#176 Posted : Friday, July 12, 2013 7:29:17 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Very true,even the share suspension it emerges was a request from the company.the only fair way is to keep the new company at the nse.
"Don't let the fear of losing be greater than the excitement of winning."
Angelica _ann
#177 Posted : Friday, July 12, 2013 7:46:59 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Looking at it keenly, 14 bob is cheap. How can this be negotiated to the range of 18-21 bob by the non-Somens?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
youcan'tstopusnow
#178 Posted : Friday, July 12, 2013 7:53:49 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Angelica _ann wrote:
Looking at it keenly, 14 bob is cheap. How can this be negotiated to the range of 18-21 bob by the non-Somens?

Hakuna kunego. Accept or RejectSad
GOD BLESS YOUR LIFE
VituVingiSana
#179 Posted : Friday, July 12, 2013 8:22:22 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Find the next Access. Cheap. Not at 30 but at 5. Then sell at 14. Or form your own IT firm ;-)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Mwalimu
#180 Posted : Friday, July 12, 2013 10:17:55 PM
Rank: Member


Joined: 6/12/2008
Posts: 11
Location: Home
Now what are we going to do? Do we accept or reject? Give reasons
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