Zimbabwe: Dairibord Cautions Shareholders On Firm Shares Forward of Merger
Listed dairy producer, Dairibord Holdings Restricted has issued one other warning to its shareholders on firm shares as talks for an acquisition of Dendairy personal restricted continues.
The discussions, which have been ongoing since July final 12 months, if profitable, will consolidate Dairibord’s dominance within the native dairy market.
“Stakeholders are suggested that Dairibord Holdings Restricted continues to be in dialogue with an unlisted entity (Dendairy (pvt)Ltd) for a merger and acquisition transaction,”
“If efficiently concluded, this transaction may have a cloth impact on the worth of the corporate’s shares, the complete affect of which continues to be being decided. Accordingly, shareholders are suggested to proceed exercising warning when dealing within the firm’s shares till additional discover,” mentioned Dairibord in its newest replace.
Dendairy has been in existence since 2004 and its acquisition will turn out to be the newest of Dairibord’ s strategic investments in recent times.