QBL Gets Nod From Regulator To Buy Soap & Allied Industries

Quality Beverages Limited (QBL) has received approval from the Financial Services Commission to proceed with its voluntary offer to acquire all ordinary shares of Soap & Allied Industries Limited (SAIL). 

The deal is meant for a cash consideration of MUR 77,314,138, at a rate of MUR 17.20 per share.

The offer will follow a set timeline, starting from the record date for shareholders’ eligibility on October 6, 2023, to the final payment for acquired shares on December 7, 2023.

Record date for shareholders of SAIL to be eligible for the Offer : 06-Oct-23

Date on which the Offer Document will be sent to the shareholders of SAIL: 16-Oct-23

Opening of conditional Voluntary Offer: 17-Oct-23

Deadline for Offer to be unconditional: 07-Nov-23

Closing of Offer: 21-Nov-23

Transfer of Shares: 27-Nov-23 to 04-Dec-23

Payment for the acquired Shares: 07-Dec-23

Source: Stock Exchange of Mauritius