FRA to review Sika Egypt’s MTO for Bitumode

M&A WATCH- Regulator to review Sika Egypt’s MTO for Bitumode: The Financial Regulatory Authority (FRA) has received and will begin reviewing a mandatory tender offer (MTO) SikaEgypt submitted for up to 100% of Modern Waterproofing (Bitumode), according to Mubasher. Sika’s offer will price Bitumode’s shares at EGP 3.79 if shareholders agree to sell up to 95% of the company’s shares. If more than 95% of the shares are up for grabs, Sika will set the share price at EGP 3.91.