Seaboard executes Plan B in Unga Group bid

Despite failed takeover last week, US firm renews push to delist Unga Group from the Nairobi Securities Exchange.

Unga Group takeover by Seaboard fails

US-based hog producer had in February offered to buy the 46.15% of Unga’s shares that are held by minority shareholders

According to the terms of the proposed take-over offer each shareholder of Unga will be offered Ksh40 for each ordinary share

Regulator, however, advised investors in Unga to exercise caution in their dealings in the shares