Wednesday, May 11, 2016 4:08PM/ CardinalStone Research
Lafarge Africa Plc has announced the commencement of the tender offer for Ashaka Cement Plc which opens today, Wednesday, May 11th, 2016 and will close on Friday, June 10th, 2016.
According to the terms of the offer, the exchange ratio will be 202 ordinary shares of Ashaka Cement Plc for 57 ordinary shares in Lafarge Africa Plc i.e. 1 unit of Lafarge Africa Plc for every 3.54 units of Ashaka Cement Plc held.
In addition, shareholders will receive
N2.00 for every unit of Ashaka Cement Plc that is tendered.
Incentive to Tender