Dec 2006 Financial News

Scotiabank’s takeover of DB&G approved

Dec 06, 2006

Scotiabank’s offer to purchase shares in Dehring, Bunting and Golding was declared unconditional on November 27, according to a statement from the bank.

In accordance with the Securities Industry (Takeover) bylaws, 2005, the offer was closed in T&T and payment will be made to shareholders who tendered shares traded on the T&T Stock Exchange before the close of the offer, by December 7. The chief executive of the Bank of Nova Scotia in Jamaica, William Clarke said that as at November 27 over 67 per cent of the shares in DB&G were tendered in the offer.

“We are very happy with the overwhelming response to the offer and look forward to working with the entire management team and staff of DB&G in the future,” Clarke said.

The Trinidad Guardian
Business Today
Wednesday, December 6, 2006.