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English news

24-Oct-2016

Adeptio makes mandatory takeover offer of Americana’s remaining shares

UAE-based investment group Adeptio is committed to undertake a mandatory takeover offer of Kuwait Food Co.’s (Americana) [FOOD.KK] remaining shares, after it has completed the purchase of 67% stake in Americana at KWD2.65 per share. No further details regarding the timing of the mandatory takeover offer were provided. (Reuters)

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