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Bidding war intensifies

The bidding war that has broken out for full control of Banks Holdings Limited (BHL) has escalated.


Trinidad and Tobago-based conglomerate ANSA McAL today raised its original $5.20 per share offer to $6.00, five days after its rival, SLU Beverages Limited, upped its bid to $5.60.

In a notice to shareholders this evening, ANSA McAL, which owns Caribbean beer brands Carib and Stag, explained that the improved offer represents a “$0.40 or 7.1 per cent premium to the price offered in the competing offer made to the shareholders on October 26, 2015 and a 140 per cent premium to the unaffected share price of $2.49 as at September 17, 2015”.

The offer expires on December 4, 2015. (SD)

One Response to Bidding war intensifies

  1. jrsmith October 29, 2015 at 6:47 am

    @, Hal, A, hail, hail, on the button, well the corporate battles is on our shores, always say Barbados is prep for the taking ,but not by bajans. as for the cartels , that’s already in the making, not only this , but the telecoms market. but lets watch the battle hooray, hooray, all of this just advances itself to stage of (Political Corporate Corruption) eventually. I do hope our politicians/government is learning something from the private sector.


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