je.st
news
Tag: bisco
Abraaj withdraws from Bisco Misr takeover race
2015-01-02 12:02:17| Food - Topix.net
On Wednesday , Abraaj announced said it "decided that it will not continue to participate" in the takeover battle with Kellogg . On 24 December, Abraaj raised its offer for Bisco Misr to EGP88.09 per share, up from the EGP84.66 a share it tabled a week earlier.
Tags: race
takeover
withdraws
bisco
Will Kellogg (K) Stock be Helped Today Following Winning Bid for Bisco Misr?
2015-01-01 06:37:27| Agriculture - Topix.net
While Abraaj did not give a specific reason for the withdrawal of its offer, its last bid of 88.09 Egyptian pounds per share, or about $142 million, was trumped by Kellog's offer of 89.86 Egyptian pounds per share. On Monday, Egypt's financial regulator extended the bidding period for the company to January 11. The bidding war between the two company's had driven up the company's purchase price by about 20% from the original 73.91 pounds per share offer.
Abraaj pulls out of bidding for Egypt's Bisco Misr
2014-12-31 13:48:28| Food - Topix.net
Emerging markets private equity firm Abraaj Group will pull out of the bidding process for the acquisition of Egypt's Bisco Misr, Abraaj said on Wednesday. The company had been involved in a bidding war with Kellogg Co, the world's largest breakfast cereal maker, for the purchase of as much as 100 percent of the Egyptian snack maker.
Tags: bidding
pulls
bisco
egypts
Abraaj pulls out of bidding for Egypt's Bisco Misr
2014-12-31 09:44:02| Agriculture - Topix.net
Emerging markets private equity firm Abraaj Group will pull out of the bidding process for the acquisition of Egypt's Bisco Misr, Abraaj said on Wednesday. The company had been involved in a bidding war with Kellogg Co, the world's largest breakfast cereal maker, for the purchase of as much as 100 percent of the Egyptian snack maker.
Tags: bidding
pulls
bisco
egypts
Kellogg and Abraaj up bids in battle for Egypt's Bisco Misr
2014-12-24 19:11:01| Food - Topix.net
Kellogg Co, the world's largest breakfast cereal maker, once again raised its bid for Egyptian snackmaker Bisco Misr on Wednesday, topping a rival offer from the UAE's Abraaj in an intensifying $144 million takeover battle. Kellogg's latest bid, for 89.86 Egyptian pounds per share, followed an offer earlier in the day by Abraaj Asset Management for 88.09 pounds, the head of Egypt's financial regulator Sherif Samy told Reuters.
Tags: battle
bids
kellogg
bisco