The share price of Carbacid Investments has rallied 15.2 percent after a tribunal dismissed an appeal that sought to stop the company’s proposed buyout of medical and industrial gases manufacturer BOC Kenya.
The stock closed at a new 52-week high of Sh19.6 yesterday, rising from Sh18.4 on Monday and Sh17 on Friday last week. The Capital Markets Authority Tribunal’s decision was issued on Thursday last week but the news broke out this Monday.
