| From Businessweek.com: Emirati telecommunications giant Etisalat said Thursday it has submitted a "preliminary conditional offer" to buy 46 percent it's Kuwait-based major regional competitor Zain, a deal valued at almost $12 billion.
The Abu Dhabi-based company it had offered 1.7 Kuwaiti dinars ($5.99) per share for the Mobile Telecommunications Company -- Zain -- whose major shareholders include the Kuwait's sovereign wealth fund and conglomerate Kharafi Group..............................................Full Article: Source
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