In today’s briefing:
- Amara Holdings Gains On Possible Offer
Amara Holdings Gains On Possible Offer
- Hotel and investment property play Amara Holdings (AMA SP) announced that its controlling shareholders are in discussions with a third party in relation to a possible transaction.
- Shares up for grabs controlled by the Teo family are estimated to exceed 65% of shares out.
- No price was mentioned. And there is no guarantee a firm Offer will unfold. Shares have gained 38% in the past three trading sessions.
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