The Emirates Securities and Commodities Authority (SCA) has asked Aabar Investments to raise its buyout offer to minority shareholders to Dhs1.95 per share from the Dhs1.45 announced last week, Reuters has reported. The new offer price is based on the average closing price of the share in the six months preceding the offer, the regulator said. SCA also said the offer period should run from July 20 until August 5, and that the transaction must be completed by August 10. A shareholder meeting to approve delisting is scheduled for August 15.
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