Adeptio receives CMA's approval for mandatory offer of Americana's shares
Adeptio has received the approval of the Capital Markets Authority (CMA) in Kuwait for its mandatory offer of Kuwait Food Co.’s (Americana) [FOOD.KK] remaining shares. Americana shares whose owners participated in the mandatory offer are c107.1mn shares, representing 26.634% of total issued shares. Earlier in October 2016, Adeptio had acquired 66.79% of Americana's shares, leaving the company’s free float at 6.576%. (Argaam)
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