Bamburi’s share price gained 28.3 percent yesterday to close at Sh57.75 in response to a disclosure that the company had received a buyout offer at a premium of Sh65 per share from Tanzanian conglomerate Amsons Group.
A total of 17,100 shares changed hands at a range of between Sh49.6 and Sh60 –which is still below the buyout price.
