Carbacid Investments will be forced to offer shareholders of BOC Kenya Limited fresh terms should it move ahead with its protracted bid to buy out its fellow gas maker, potentially raising the cost of the transaction compared to the original offer.
The Capital Markets Authority (CMA) has told the Business Daily that Carbacid will need to update its offer document should it opt to continue with the transaction, mainly due to the amount of time that has lapsed since its original bid in November 2020.
