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
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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