Kuwait-Mubasher: Nafais Holding’s board considered the acquisition price proposed by Boubyan Petrochemical unfair. Boubyan has proposed a price of 142 fils per share.
The board noted that its recommendation on the takeover is not binding to the shareholders(, who have the decision of selling or not).
Nafais stock rose by 7.58% to reach at 142 fils early in Sunday’s trading session. Boubyan stock settled at 445 fils.
