sale of companies

ppkariz

I heard that KCB was planning on buying NBK
my question is what happens to the NBK shares held by investors if the sales goes through?

lexndegwa

Well,its possible,KCB has a stronger financial position and NBKs attractiveness is its government holdings and business,KCB will gain more government and parastatal business through its acquisition.For shareholders,their buyout will be on the close price meaning the majority shareholder(Government ) will make quite a handsome return from this sale thus will not oppose it.

ppkariz

and what about ordinary citizens who bought NBK shares
how will their investments be handled

lexndegwa

they should check their investments through their stock broker and NBK if possible.