Bawany Air Products receives withdrawal of PAI from Fossil Energy

MG News | September 14, 2020 at 04:20 PM GMT+05:00

0:00

September 14, 2020 (MLN): Bawany Air Products Limited has received Withdrawal of Public Announcement of Intention from Fossil Energy (Private) Limited to acquire more than 50% of its voting shares, the company informed PSX on Monday.

The reason stated by Intermarket Securities, i.e. the manager to the officer, was that the acquirer was not able to take a decision regarding the making of a Public Announcement of Offer on the basis that the due diligence from the acquirer’s end for the transactions was still ongoing.

Fossil Energy, however, shall make a fresh public announcement of intention in accordance with the prescribed formalities immediately with effect from the expiry date.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	166,677.70 295.62M	0.79% 1304.39
ALLSHR	100,309.12 590.21M	0.65% 649.40
KSE30	50,855.17 184.12M	0.72% 361.13
KMI30	239,315.92 162.68M	0.94% 2217.63
KMIALLSHR	65,437.31 338.54M	0.87% 565.13
BKTi	45,391.23 48.89M	0.60% 270.74
OGTi	32,857.06 26.79M	1.29% 418.64

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,500.00	93,590.00 90,590.00	1145.00 1.27%
BRENT CRUDE	62.32	63.39 62.12	-0.55 -0.87%
RICHARDS BAY COAL MONTHLY	91.00	91.00 89.00	2.00 2.25%
ROTTERDAM COAL MONTHLY	99.00	99.00 96.85	1.70 1.75%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	58.48	59.64 58.27	-0.17 -0.29%
SUGAR #11 WORLD	15.21	15.29 15.08	0.07 0.46%