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US firm Seaboard woos Unga investors in buyout bid

Published on May 23, 2018

US conglomerate Seaboard Corporation has embarked on an intensive campaign aimed at winning shareholders to unlock its quest to take control of Kenyan miller Unga Group #ticker:UNGA.

Seaboard Corporation has placed a bid to buy the Nairobi Securities Exchange-listed firm at the price of Sh40 per share and is required to win the support of investors controlling at least 75 per cent of Unga Group for the deal to sail through. Read more. Source | Daily Nation