STC is not willing to increase its offer price for Viva Kuwait
Argaam reported that Saudi Telecom Company’s (STC) [7010.SE] CEO, Khaled Biyari stated that his company does not plan to increase the KWD1.0/share (SAR12.35/share) offered to acquire the remaining 74% of Viva Kuwait [VIVA.KW]. The Board of Directors of Viva announced that the offer price is unfair, while Kuwait’s Capital Markets Authority (CMA) approved STC’s offer. It is worth mentioning that the offer period started on 27 December 2015 and should end on the 31 January 2016. (Argaam)
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