Americana's USD2.4bn takeover by Adeptio gets go ahead
Kuwait Food Company (Americana) [FOOD.KK] announced that conditions related to finalising the deal, under which Gulf-based Adeptio will buy 67% of Americana from Al Khair National for Stocks and Real Estate, have been met. According to the Kuwait stock market's rules and regulations, Adeptio can now proceed with the purchase of the shares and must make a mandatory offer to buy the shares from Americana's other shareholders at the same price. (Company disclosure, Reuters)
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