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The Edaa tender offer service assists an acquirer to purchase a controlling stake of a company and enables shareholders to surrender their shares in the company that is subject to a takeover. The service electronically facilitates the acquisition and allows the target company shareholders’ the opportunity to electronically accept or reject the offer via their Tadawulaty accounts.
Tender offers usually require the acquirer to communicate with large number of shareholders to secure their acceptance. Our Tadawulaty service provides a direct electronic means of communication with company shareholders.
The acquirer first secures all approvals required for the acquisition.
Acquirer uses Tadawulaty services to inform the target company shareholders about the offer. Shareholders can accept or reject the offer through their Tadawulaty accounts.
Services | Fees (SAR) | Frequency |
---|---|---|
Tender Offer | (15 bps) of total transaction Value Minimum of SAR 250,000; Maximum of SAR 2,000,000 | Per Transaction |
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