Americana Egypt approves delisting shares from EGX ahead of Adeptio purchase

M&A WATCH- Americana Egypt approves delisting shares from EGX to fulfill Adeptio purchase: Americana Egypt’s board of directors have approved delisting the company’s shares from the bourse at EGP 6.32 per share after finalizing an agreement with Adeptio last week that will see it purchase a 9.6% stake in Americana Egypt, according to an EGX disclosure (pdf). Minority shareholders in Americana Egypt have already approved Adeptio’s offer price of EGP 6.32 per share under a proposed mandatory tender offer (MTO) agreed to in July. Americana Egypt’s voluntary delisting will see the company bring the shares off the main market before transferring them to Adeptio through its subsidiary and Americana Egypt’s parent company, Americana.