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Unga share rallies to Sh39 after foreign buyout offer

Unga Group board members during a past annual general meeting at the KICC, Nairobi. PHOTO | DIaNA NGILA

By  Victor Juma

Business Editor

Nation Media Group

Unga Group’s #ticker:UNGA share price on Tuesday rose to Sh39 on the Nairobi Securities Exchange (NSE), nearly matching the takeover offer of Sh40 per share that the miller received last week from Delaware-based Seaboard Corporation.

Seaboard’s offer now represents a premium of just 2.56 per cent when viewed against Tuesday’s share price.

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Note: The results are not exact but very close to the actual.

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