Oman-based Ahli Bank has inked a Memorandum of Understanding (MOU) in order to explore the feasibility for the takeover of Taageer Finance Company. In a regulatory filing with the Muscat Securities Market (MSM), the bank said the purchase price consideration will be in range between 176 and 177.50 Baiza per share.
Inclusive of cash/stock dividends, the consideration price will be adjusted downwards to reflect cash/stock dividends received by Taageer shareholders, if paid based on financials for the year ended 31 December 2012 and subsequently…………………………………….Full Article: Source