Habib Bank owners will gain a nine per cent premium on Diamond Trust Bank #ticker:DTK shares compared to the prevailing price once the takeover deal by the tier one lender goes through.
DTB aims to complete the acquisition of Habib Bank Limited by July 21, paying the smaller lender’s owners Sh1.82 billion through an allotment of 13.28 million DTB shares priced at Sh137.39 each.
