RDC’s bid for PrimeTime flops
Friday, August 08, 2025 | 140 Views |
Watching the market: The BSE probes RDC’s bid and gave it the green light
PIC MORERI SEJAKGOMO
RDC Properties closed an initial offer to PrimeTime shareholders on August 1 and this week announced that those who expressed interest in participating were less than the 44% equity stake it was seeking in the rival firm.
“As of the initial closing date acceptances received were not sufficient to enable the company to acquire at least 44% of the linked units of PrimeTime in issue, and, as a result, the condition set out in the Offeror Circular in this regard has not been fulfilled. “Unitholders of RDC and PrimeTime are advised that the offer is terminated and will not be implemented,” RDC directors said on Tuesday.
“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...