Dimension Data Extends AccessKenya Shareholders Offer

Related posts

Digital Trust Under Threat; The Number One Killer of Online Businesses

June 19, 2021

0

Partnership Between Unilever Kenya And Invest In Africa Will Provide Tenders Worth KSh 10.78 Billion To These groups Of People

June 17, 2021

0

Microsoft-Stanbic Partnership Eyes to Equip 50K Micro Small Enterprises With Digital Skills.

June 16, 2021

0

Future Ni Digital Initiative kicks off in Nairobi

June 15, 2021

0

Credit Bank, CapitalPlus Exchange and Eneza Education partner to Increase Access to Education Materials

June 3, 2021

0

Zamara Group Appoints Nikhil Dodhia, Jay Kosgei to Strengthen its Actuarial Function

June 3, 2021

0

Dimension Data has declared that its offer to AccessKenya shareholders has been extended by one day and has said that that the decision made was as a result of the Idd-ul-Fitr public holiday last Friday.

This means that AccessKenya shareholders have until 15^th August to conclude their offer acceptance forms, that is, if they wish to accept Dimension Data’s bid of Ksh3 billion to take over 100% of the shares of AccessKenya.

In the month last, the AccessKenya Group Board of Directors announced that it had suggested that its shareholders accept the Ksh3 billion Dimension Data bid to take over the shares of the company.

Capital Markes followed the formal endorsement after it reviewed a Shareholders Circular from the AccessKenya Group Board.  The circular stated that “Having considered the Valuation conducted by Kestrel Capital (East Africa) Limited, the Board of Directors of AccessKenya recommended that the terms of the Offer should be accepted by AccessKenya Shareholders.”