Dimension Data extends AccessKenya offer

Dimension Data has announced that its offer to AccessKenya shareholders has been extended by one day, as a result of the Idd-ul-Fitr public holiday last Friday.

AccessKenya said in a statement that this means AccessKenya shareholders have until Thursday 15 August to complete their Offer Acceptance Forms if they wish to accept Dimension Data’s Ksh3 billion bid to take over 100% of the shares of AccessKenya.

Last month, the AccessKenya Group Board of Directors announced that it had recommended that its shareholders accept the Ksh3 billion Dimension Data bid to take over the shares of AccessKenya.

This followed the formal approval by the Capital Markets Authority (CMA) after it reviewed a Shareholders Circular from the AccessKenya Group Board.  The circular states that “Having considered the Valuation conducted by Kestrel Capital (East Africa) Limited, the Board of Directors of AccessKenya recommended that the terms of the Offer should be accepted by AccessKenya Shareholders.”

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