Mandatory Takeover: BOWS Nigeria Ltd to acquire 32.99% stake in Courteville Business Solutions

The investing public and the Nigeria Exchange Limited has been notified that BOWS Nigeria Limited, a Shareholder which holds 67.01% of the issued share capital of Courteville Business Solutions Plc, made proposal to buy the 32.99% held by the other shareholders of the Company through a Mandatory Takeover Bid (MTO) to the Securities and Exchange Commission (SEC).

BOWS Nigeria Limited has obtained SEC’s approval to launch the Mandatory Takeover and same is priced at 0.48k per ordinary share net of any applicable tax.

The tender offer will open on the 22nd of February 2023 and close on 22nd March 2023.

Source: Mandatory Takeover: BOWS Nigeria Ltd to acquire 32.99% stake in Courteville Business Solutions – StocksWatch (stocksng.com)

Related Posts

18

Sep
Business & Economy

Stock Market Review: September 18, 2023

The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed:[…]