{"id":574439,"date":"2020-09-09T03:50:38","date_gmt":"2020-09-09T03:50:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/09\/bitumode-board-approves-mto-to-delist-from-egx\/"},"modified":"2020-09-09T03:50:38","modified_gmt":"2020-09-09T03:50:38","slug":"bitumode-board-approves-mto-to-delist-from-egx","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/09\/bitumode-board-approves-mto-to-delist-from-egx\/","title":{"rendered":"Bitumode board approves MTO to delist from EGX"},"content":{"rendered":"

Modern Waterproofing\u2019s (Bitumode) BoD approved delisting the company from the EGX<\/strong> and taking it private, according to a bourse disclosure (pdf).<\/a> Bitumode will make a mandatory tender offer to its shareholders on the EGX worth EGP 3.91, which was the same price<\/a> in Sika Egypt\u2019s MTO when it purchased 119 mn shares in Bitumode in June,the company said in a disclosure (pdf).<\/a> The EGX placed<\/a> Bitumode on its \u201cD-list\u201d as it should have delisted after a majority stake acquisition.<\/p>\n","protected":false},"excerpt":{"rendered":"

Modern Waterproofing\u2019s (Bitumode) BoD approved delisting the company from the EGX and taking it private, according to a bourse disclosure (pdf). Bitumode will make a mandatory tender offer to its shareholders on the EGX worth EGP 3.91, which was the same price in Sika Egypt\u2019s MTO when it purchased 119 mn shares in Bitumode in […]<\/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":[5006,68,72,7128,5005,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574439","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-bitumode","tag-egx","tag-enterpriseam","tag-ma-watch","tag-modern-waterproofing","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0342d991-47c6-4063-8c20-de539ba0efa5","is_powered_by":true,"section_story_id":"caa9b3cc-1a4c-4c93-8a56-4cd379489b31","story_type":"1","photo_url":"","photo_position":"above","related_issue":[574423],"teaser":"","voice_url":""},"yoast_head":"\nBitumode board approves MTO to delist from EGX - 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\/09\/09\/bitumode-board-approves-mto-to-delist-from-egx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitumode board approves MTO to delist from EGX\" \/>\n<meta property=\"og:description\" content=\"Modern Waterproofing\u2019s (Bitumode) BoD approved delisting the company from the EGX and taking it private, according to a bourse disclosure (pdf). Bitumode will make a mandatory tender offer to its shareholders on the EGX worth EGP 3.91, which was the same price in Sika Egypt\u2019s MTO when it purchased 119 mn shares in Bitumode in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/09\/bitumode-board-approves-mto-to-delist-from-egx\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-09T03:50:38+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\/09\/09\/bitumode-board-approves-mto-to-delist-from-egx\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/09\/bitumode-board-approves-mto-to-delist-from-egx\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Bitumode board approves MTO to delist from EGX\",\"datePublished\":\"2020-09-09T03:50:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/09\/bitumode-board-approves-mto-to-delist-from-egx\/\"},\"wordCount\":88,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Bitumode\",\"EGX\",\"EnterpriseAM\",\"M&A Watch\",\"Modern Waterproofing\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/09\/bitumode-board-approves-mto-to-delist-from-egx\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/09\/bitumode-board-approves-mto-to-delist-from-egx\/\",\"name\":\"Bitumode board approves MTO to delist from EGX - 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Sika\u2019s offer, reviewed late last month by the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571055,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/fra-to-review-sika-egypts-mto-for-bitumode\/","url_meta":{"origin":574439,"position":1},"title":"FRA to review Sika Egypt\u2019s MTO for Bitumode","author":"enterpriseam admin","date":"28 April 2020","format":false,"excerpt":"M&A WATCH- Regulator to review Sika Egypt\u2019s 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\u2019s offer will price Bitumode\u2019s shares at EGP 3.79 if shareholders\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571637,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/19\/bitumode-agrees-to-share-price-in-sika-egypts-mto\/","url_meta":{"origin":574439,"position":2},"title":"Bitumode agrees to share price in Sika Egypt\u2019s MTO","author":"enterpriseam admin","date":"19 May 2020","format":false,"excerpt":"M&A WATCH- Modern Waterproofing (Bitumode) has agreed to the EGP 3.91 share price Sika Egypt has set in its mandatory tender offer (MTO) for 100% of Bitumode\u2019s 119 mn shares, according to Hapi Journal. 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