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Rare hostile takeover deepens at BSE

Friday, June 21, 2024 | 1350 Views |

Speaking out: Masie PIC MORERI SEJAKGOMO

;The rare hostile takeover developing on the Botswana Stock Exchange (BSE) took a turn this week, with the acquisition target, PrimeTime Properties, accusing its suitor, RDC Properties, of “creating uncertainty to the detriment of shareholders”.

RDC, which has the largest investment property portfolio on the Botswana Stock Exchange at P6 billion, has spent several months engaging major unitholders on the possibility of making a partial offer directly to PrimeTime’s own unitholders.

As the two property firms are listed, they are obliged to make public announcements on the possible offer, a situation that has led to a series of cautionary statements by both sides to investors since February.

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Rare hostile takeover deepens at BSE

;The rare hostile takeover developing on the Botswana Stock Exchange (BSE) took a turn this week, with the acquisition target, PrimeTime Properties, accusing its suitor, RDC Properties, of “creating uncertainty to the detriment of shareholders”.

Human rights are sacred

Bakgatla Ba Kgafela celebrate as Kgosi Kgafela’s charges are dropped

First Lady's office hosts second annual thanks giving ceremony

PSLE performance on upward trend

Bona Life tee-off Maruapula Loxion Golf journey

Cops arrest young man, seize dagga in Metsimotlhabe

Second Mogoditshane rape attack in two weeks

Suspected suicide behind Sir Seretse Khama Barracks

Human rights are sacred