FSG minorities snub buyout offer

Exiting: FSG will soon delist from BSE
Exiting: FSG will soon delist from BSE

Only 308 FSG shareholders representing 3.3 percent of the company’s stock have accepted a P2.80 per share buyout offer from the majority owners of the company.

The offer had been made to a total of 1,520 shareholders holding 24.6 percent of the company’s shares, meaning about 87 percent of minority shareholders declined to be bought out of FSG.

The offer closed on the 4th of December.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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