{"id":567425,"date":"2020-01-22T03:58:23","date_gmt":"2020-01-22T03:58:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/pioneers-holding-gets-30-day-mto-extension-from-fra\/"},"modified":"2020-01-22T03:58:23","modified_gmt":"2020-01-22T03:58:23","slug":"pioneers-holding-gets-30-day-mto-extension-from-fra","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/pioneers-holding-gets-30-day-mto-extension-from-fra\/","title":{"rendered":"Pioneers Holding gets 30-day MTO extension from FRA"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>M&A WATCH- Pioneers Holding gets 30-day MTO extension from FRA:<\/strong> The Financial Regulatory Authority (FRA) has approved <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/43949a1a-a67d-42ff-96e9-c1405f15c7d5\">a request by Pioneers Holding<\/a> to extend its mandatory tender offer (MTO) submission deadline by 30 days to give it time to hire a new financial advisor, the regulator <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%D8%A8%D9%8A%D8%A7%D9%86%20%D9%87%D9%8A%D8%A6%D8%A9%2021-01-2020%20%D8%A7%D9%84%D9%83%D8%A7%D8%A8%D9%84%D8%A7%D8%AA.pdf\">said in a bourse disclosure (pdf).<\/a> The advisor would conduct the fair value assessment on the company\u2019s MTO for five of its subsidiaries, replacing Fincorp, which the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/90c5fe3a-1854-4dfd-926f-d60286d98fd7\">FRA suspended<\/a> last week for three months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Pioneers Holding gets 30-day MTO extension from FRA: The Financial Regulatory Authority (FRA) has approved a request by Pioneers Holding to extend its mandatory tender offer (MTO) submission deadline by 30 days to give it time to hire a new financial advisor, the regulator said in a bourse disclosure (pdf). The advisor would [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[109,72,4391,7128,3307,343,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567425","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-corruption","tag-enterpriseam","tag-fincorp","tag-ma-watch","tag-pioneers-holding","tag-regulation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a8499f92-953d-4b31-b442-c47fda95c647","is_powered_by":true,"section_story_id":"14edc14e-3bad-4222-b8be-03b81f023c77","story_type":"1","photo_url":"","photo_position":"above","related_issue":[567415],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Pioneers Holding gets 30-day MTO extension from FRA - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/pioneers-holding-gets-30-day-mto-extension-from-fra\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pioneers Holding gets 30-day MTO extension from FRA\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Pioneers Holding gets 30-day MTO extension from FRA: The Financial Regulatory Authority (FRA) has approved a request by Pioneers Holding to extend its mandatory tender offer (MTO) submission deadline by 30 days to give it time to hire a new financial advisor, the regulator said in a bourse disclosure (pdf). The advisor would [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/pioneers-holding-gets-30-day-mto-extension-from-fra\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-22T03:58:23+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/pioneers-holding-gets-30-day-mto-extension-from-fra\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/pioneers-holding-gets-30-day-mto-extension-from-fra\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Pioneers Holding gets 30-day MTO extension from FRA\",\"datePublished\":\"2020-01-22T03:58:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/pioneers-holding-gets-30-day-mto-extension-from-fra\/\"},\"wordCount\":89,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Corruption\",\"EnterpriseAM\",\"Fincorp\",\"M&amp;A Watch\",\"Pioneers Holding\",\"regulation\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/pioneers-holding-gets-30-day-mto-extension-from-fra\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/pioneers-holding-gets-30-day-mto-extension-from-fra\/\",\"name\":\"Pioneers Holding gets 30-day MTO extension from FRA - 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