It's turning bloody at African Sun, DPL. . . giant invokes law, whips minorities in takeover bid – NewsDay Zimbabwe
It’s turning bloody at African Sun, DPL. . . giant invokes law, whips minorities in takeover bid BY MELODY CHIKONO AFRICAN Sun Limited (ASL) yesterday laid out a road map for the dramatic takeover of stocks held by a minority of Dawn Properties Limited (DPL) shareholders who have turned down the giant’s ambition for full control. Zimbabwe’s largest leisure chain made the offer last year. Under the deal, ASL offered to acquire all issued ordinary shares in DPL based on one ordinary share for every 3,988075946 DPL shares to execute the complete takeover of the property operation. Over 91%...
Source: newsday.co.zw