Cairo – Mubasher: A total of 1.2 million shares of Ameco Medical Industries Co. accepted a buyout offer from UAE’s TVM Healthcare by the end of bid duration, according to OPR data.
The mandatory tender offer has started on Monday 8 June , where TVM Healthcare offered to buy 1.4 million shares or 42.05% of Ameco Medical. Following this offer, TVM will own 100% of Ameco at EGP 19.5 per share.at total value of EGP 27.1 million.
Last November, the market regulator approved the offer submitted by TVM that targets a 42.05% stake (nearly 1.4 million shares) in Ameco.
The EGX-listed company operates with authorized capital of EGP 20 and issued and paid-in capital of EGP 16.5 million, divided into 3.3 million shares at a par value of EGP 5 each.
