Nov 2015 Financial News

No let-up in battle for BHL

Nov 23, 2015

THE CONTROVERSIAL BIDDING WAR for control of Banks Holdings Limited (BHL) is now all but certain to head into the new year unresolved.

Barbados’ Court of Appeal has scheduled December 1, 2, and 3 as the dates it will consider an ANSA McAL application for an interim injunction halting its BHL takeover battle against AmBev and suspending trading of the local beverage company’s shares on the Barbados Stock Exchange (BSE).

And the substantive appeal against the lifting of the original injunction on November 13 is due to be heard by the court on December 11 and 14.

Meanwhile, it has also been revealed that Trinidad’s ANSA McAL and Brazil’s AmBev have taken their battle for BHL’s shares to the BSE, with both purchasing thousands of shares there in recent days.

Source:
SHAWN CUMBERBATCH
shawncumberbatch@nationnews.com
Nation News
Monday November 23, 2015

http://www.nationnews.com/nationnews/news/74784/-battle-bhl