Fauji Foundation withdraws bid to acquire Agha Steel

MG News | November 12, 2024 at 04:32 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

November 12, 2024 (MLN): Fauji Foundation has withdrawn its Public Announcement of Intention (PAI) to acquire shares and control of Agha Steel Industries Limited (PSX: AGHA).

The withdrawal notice was issued by Integrated Equities Limited (IES), the Manager of the Offer, to the PSX today.

The reason cited by the brokerage firm was that negotiations with AGHA to acquire voting shares were inconclusive, leading to the withdrawal of the offer.

For reference, Fauji Foundation had initially submitted its offer to acquire shares and control of AGHA on August 29, 2024.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,642.16 225.24M	-0.57% -993.92
ALLSHR	104,658.41 715.45M	-0.71% -746.89
KSE30	51,414.64 68.61M	-0.56% -288.52
KMI30	246,107.08 95.44M	-0.57% -1413.60
KMIALLSHR	67,826.46 385.67M	-0.56% -379.57
BKTi	48,132.23 23.42M	-0.63% -306.61
OGTi	35,082.07 7.07M	-0.26% -91.25

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,715.00	80,800.00 77,725.00	-1340.00 -1.67%
BRENT CRUDE	97.91	99.46 96.78	0.91 0.94%
RICHARDS BAY COAL MONTHLY	130.00	130.00 130.00	2.40 1.88%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	2.25 1.63%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	92.75	94.73 90.87	1.27 1.39%
SUGAR #11 WORLD	18.06	18.45 17.89	-0.01 -0.06%