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A rare hostile takeover grips the market

Friday, October 11, 2024 | 2720 Views |

Landmark: PrimeTime has several well-known assets around the country PIC: PRIMETIME.CO.BW

The Botswana Stock Exchange this week froze RDC Properties’ bid for PrimeTime, while launching an investigation into “various aspects” of the offer. The planned hostile takeover has lit up a usually humdrum market, writes MBONGENI MGUNI

A committee of the Botswana Stock Exchange (BSE) has launched an investigation into RDC Properties’ attempted hostile takeover of PrimeTime, with a report due to be released in 30 days.

In the meantime, the offer circular that RDC was scheduled to publish to PrimeTime’s shareholders, has been put on hold, effectively freezing the proposed offer, at least until the BSE makes a decision.

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A rare hostile takeover grips the market

The Botswana Stock Exchange this week froze RDC Properties’ bid for PrimeTime, while launching an investigation into “various aspects” of the offer. The planned hostile takeover has lit up a usually humdrum market, writes MBONGENI MGUNI

Search continues for Maun boy feared to have been taken by a crocodile

Inimba Gets the Nod for Season 2 on Mzansi Magic

Peace conference addresses growing list of social ills

GAYO Botswana and BA ISAGO University Forge Major Partnership to Advance Climate Education and Youth Leadership

Pastor accused of defiling Teen during counselling session

FIFA World Cup draw – The countdown begins!

DIS Director's daughter rape case stalls

Main Mall’s resilience, sturdiness in the face of stiff competition

Depression is real; let's take care of our mental health