The BOC Kenya board has been given additional time to value the firm and give shareholders an opinion on the Sh1.24 billion takeover offer that was made by its rival, Carbacid Investment, and its majority shareholder Baloobhai Patel in late November.
The Nairobi Securities Exchange-listed gas producer said Friday morning that it has received approval from the Capital Markets Authority to extend the deadline of serving its shareholders with the takeover documents and an independent advisor opinion from January 25 to February 5.
