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
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

Have a Story? Send Us a tip
arrow up