Nairobi Securities Exchange (NSE) has suspended trading in the shares of Unga Group Plc #ticker:UNGA whose retail investors have received a buyout offer of Sh40 per share from one of its significant shareholders, Seaboard Corporation.
The Delaware-based multinational, which already owns a 35 per cent stake in the company's operating subsidiaries, is acting in concert with a group of local investors including the wealthy Ndegwa family who hold a controlling 50.93 per cent interest in the company through Victus Limited.
