date:Oct 12, 2012
South African food company Tiger Brands, which acquired 63.3% stake in Dangote Flour Mills, is planning to buy off the other minority shareholders in the company.
In September 2012, Dangote Industries completed the sale of its 63.3% in Dangote Flour Mills to Tiger Brands, and it currently holds only 10%. The remaining 26.7% stake is held by diversified minority Nigerian shareholders.
Tiger Brands may make a tender offer to shareholders to acquire the 26.7% stake, reported thisdaylive.com.
Dan