Quality Beverages Makes Cash Offer to Acquire Soap & Allied Industries

Quality Beverages Limited (QBL) has officially announced its intent to make a voluntary all-cash offer to acquire all ordinary shares of Soap & Allied Industries Limited (SAIL).

The offer price is set at MUR17.20 per share, representing a 22.86% premium over SAIL’s closing price on September 15, 2023.

The offer is subject to several conditions, including regulatory approvals and acceptance from at least 50% of SAIL’s voting rights.

QBL has confirmed it possesses the financial resources to fund the voluntary offer. Currently, QBL does not hold any shares in SAIL, and there are no existing agreements between the two companies regarding SAIL shares.

Shareholders and the public are advised to stay informed about any further developments.

Source: Stock Exchange of Mauritius