Cairo – Mubasher: The Egyptian Exchange announced that 77,310 shares or 9.4% of Alexandria Medical Services accepted a buyout offer submitted by Pavagato Rajoram Shiti to buy 13.65% of the company, by the end of bid duration, according to OPR data.
The mandatory tender offer was valid for ten working days from 13 January until 10 February.
The deal will be executed through EGX within five working days after the end of the tender offer period, at offer price of EGP 22.5 per share.
Alexandria New Medical Center is capitalised at EGP 48.4 million, or 6.05 million shares at EGP 8 par value each
