Monday, February 19, 2018

SEC probes bid for GHL*

Michael Lee-Chin

The Trinidad and Tobago Securities and Exchange Commission (TTSEC) is probing the takeover bid by Jamaica’s NCB Financial Group (NCBFG) of the publicly traded Trinidadian insurance company Guardian Holdings Limited (GHL).
TTSEC’s chief executive Haydn Gittens told the Express that concerns about the transaction were brought to the TTSEC and it was treating the matter “diligently and urgently”.
Last month, the NCBFG launched a takeover bid to acquire 74,230,750 GHL shares at US$2.35 per share with a goal of acquiring 62 per cent of the company. 

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