Food producer Honeywell Flour Mills has said its acquirer, Flour Mills of Nigeria (FMN Plc), has commenced the payment of N4.20 per ordinary to its shareholders in mandatory take over.
The company said this in a fresh regulatory filing on the Nigerian Exchange following previous notification about the deal.
“Please, be advised that the mandatory takeover is priced at N4.20”, the company’s secretary Osomomen Olukoya told shareholders in a statement. READ: Honeywell Share Price Jumps Midday over FMN Acquisition Deal
According to a statement, FMN Offer was made through Ecowise Horizon lnvestment limited and Greywise Investment Solution limited for the block trade. #Flour Mills Begins Block Purchase of Honeywell at N4.20