Apr 03 2013
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Baskindale bids for OTH
Beltone Financial said on Monday that the offer price was disappointing, valuing the company at $3,672 million, or 23.3 per cent below Beltone's own valuation of $4,789 million.
If finalised, the deal will be the third that has seen a listed heavyweight leaving the market this year. In February, Egypt's regulator approved an offer by Qatar National Bank (QNB) to acquire Cairo's National Société Général Bank (NSGB). Orascom Construction Industries (OCI) is also finalising a deal with its Dutch-listed parent company OCI NV that may lead it to leave the Egyptian Stock Exchange.
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