CIC Energy shares hit records on P2.8 bn takeover deal
Thursday, November 25, 2010
Ahead of Tuesday's announcement of the deal, CIC Energy's counter had climbed more than 70 percent in the past fortnight, reaching a 12-month high of P33.29 per share on November 19. Since then, the stock has declined to hover around P33, a stretch from the P19 it traded at throughout September, October and part of November.
By yesterday, CIC Energy was trading at P33.08 with no volumes trading hands, as investors held onto their shares or demanded higher prices in light of the 7.42 Canadian Dollar per share offer proposed by JSW Energy.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...