| ID: |
2320.SSE |
| Announcement Date: |
15-May-12 |
| Acquirer: |
Al-Babtain Power and Telecommunication Company |
| Target: |
Saudi Building Material Company |
| Currency: |
SAR |
| Rescinded Event: |
No |
| Comments: |
The company announced that it is still in negotiations concerning the acquisition of 10% stake in Saudi Building Material Company from the Crusher company (Saudi Arabia).
On March 29, 2012 the company announced that the acquisition is subject to the BOD approval, after the completion of the due diligence process.
On April 16, 2012 the company announced that the offer period is extended to May 15, 2012.
On May 15, 2012 the company announced that it has canceled the acquisition of 10% stake in Saudi Building Material Company. |
 |
| Source: |
Tadawul Website - Saudi
|
First Published:
04-Mar-12
Last Updated: 15-May-12
|
