Dec 2007 Financial News

Take-Over bid for Barbados Farms Limited

Dec 07, 2007

Sagicor Financial Corporation has informed the Exchange that on November 29th 2007 it informed the Board of Directors of Barbados Farms Limited, The Securities Commission and The Barbados Stock Exchange of its intention to make a Take-Over Bid for 100% of the shareholding in Barbados Farms Limited.

Sagicor is offering BDS$5.00 per share 65% of which will be paid for by the issue of shares in Sagicor Financial Corporation with the balance to be paid in cash. For the purposes of this offer one (1) Sagicor Financial Share is to be valued at BDS $5.00. Sagicor Financial Corporation is of the opinion that its proposed Take-Over Offer is superior to the offer recently made by CLSS Holdings Limited.

Source:
The Trinidad and Tobago Stock Exchange (TTSE)
Friday 7th December, 2007