Delaware-based conglomerate Seaboard Corporation has ruled out raising its buyout offer price of Sh40 per share to Unga Group’s #ticker:UNGA investors. Shareholders who attended meetings called by Seaboard’s representatives in the past few days told the Business Daily that the multinational will not change its offer.
“The Sh40 per share is the only offer. They only wanted to explain how they arrived at that offer,” one of the shareholders said.
