Bamburi Cement receives new $197.2 million acquisition offer from Savannah Clinker
- Savannah Clinker makes a $197.2 million counter-offer for Bamburi Cement.
- The offer is a 53.34% premium on share price compared to Amsons Group's bid.
- If approved, it will be one of the largest deals in the history of the Nairobi Securities Exchange.
The counter-offer from Savannah Clinker presents an interesting development in the acquisition bid for Bamburi Cement. If approved, it could lead to significant changes in the cement industry and potentially benefit shareholders. However, the potential complexities of the deal and the ongoing issues faced by Savannah Cement should be carefully considered.
