Based on the MTO details, Lafarge Africa is to exchange 57 of its shares for 202 units of Ashaka – implying an exchange ratio of 0.28.
Analysts have rated the Mandatory Tender Offer (MTO) by Lafarge Africa plc to minority shareholders of Ashaka Cement plc as positive for shareholder value and returns.
Following the acquisition of 58.61 percent equity interest in Ashaka Cement Plc by Lafarge Cement Wapco Nigeria Plc (now Lafarg
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