Arif Habib withdraws POI made by Colgate Palmolive to acquire 21% shares of Colgate Pakistan

MG News | January 30, 2020 at 01:54 PM GMT+05:00

0:00

January 30, 2020 (MLN): Arif Habib Limited has withdrawn the Public Announcement of Intention (POI) made by Colgate Palmolive Company in May last year, to acquire 21% voting shares of Colgate Palmolive (Pakistan) Limited.

In a notification issued to Pakistan Stock Exchange on Thursday, the company stated, “We, Arif Habib Limited, in our capacity as Manager to the Offer, would like to inform you that the parties were unable to agree on terms and the POI hereby stands withdrawn”.

Earlier today, Colgate-Palmolive Pakistan Limited had unveiled its financial performance for the half-year ended December 31, 2019 wherein it reported net profits of Rs. 2.3 billion.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,935.19 239.78M	0.80% 1277.69
ALLSHR	97,989.64 672.11M	0.80% 780.92
KSE30	49,083.13 162.29M	0.73% 357.18
KMI30	231,590.57 121.07M	0.80% 1835.48
KMIALLSHR	63,730.38 301.36M	0.65% 414.39
BKTi	44,511.26 43.79M	1.00% 442.70
OGTi	31,229.10 21.20M	1.42% 438.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	95,275.00	95,705.00 92,975.00	910.00 0.96%
BRENT CRUDE	63.81	64.12 63.67	-0.58 -0.90%
RICHARDS BAY COAL MONTHLY	85.00	85.00 85.00	0.05 0.06%
ROTTERDAM COAL MONTHLY	96.45	96.45 95.75	1.20 1.26%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.50	59.84 59.34	-0.59 -0.98%
SUGAR #11 WORLD	14.85	15.05 14.35	0.41 2.84%