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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
After a deadline extension, the cash offer by an ADQ subsidiary saw shareholder acceptance jump from 35.31% to 40.57%.
قصص آنية ومفصلة ومكتوبة بعناية من المنطقة
Timely, detailed and well-written stories from the region
What was expected to be one of the more complex acquisitions in the Middle East has finally concluded on a decisive note. On Friday, logistics giant Aramex said in an exchange filing that ADQ has secured a 63.26% stake in the company.
The transaction is the result of a voluntary conditional cash offer for Aramex, launched by an ADQ subsidiary called Q Logistics Holding earlier this year. The deal, however, has taken its sweet time to fructify. The final announcement on Friday came more than two months after ADQ’s first proposal and a two-week extension to the original period to …
آراء حول أحدث التطورات في الأعمال والاقتصاد من محرر الشرق الأوسط
Views on the latest happenings in business and economy from our ME Editor
