Investors failed to sell 25.12 million East African Breweries Plc (EABL) shares to the parent company Diageo Plc, denying them a chance to book a Sh552.6 million gain on the back of oversubscription in the tender offer.
Diageo had sought to buy 118.39 million EABL shares but received offers to purchase 143.52 million shares, forcing it to turn away some of the investors motivated by the premium offered.
