Textbook Takeover

A senior Treasury officialrnsaid Friday, that it would sell 49 percent or 490,000 shares to its currentrnowners, priced at Rs. 86.73 mn per piece.

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A total of Rs. 17.7 mn or 10rnpercent of this will be distributed to its 121 employees on the basis of theirrnindividual entitlement, under an earlier management agreement.

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ldblquote Following protractedrnnegotiations with the Company, they have agreed to purchase the balancernshareholding amounting to 490,000 shares at a consideration of Rs. 177.00 arnshare
dblquote , a cabinet notice said.

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Transfer of shares to 121rnemployees has been on the cards since 1993, withheld over the years on a legalrntechnicality.

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The Public Enterprise ReformrnCommission re-opened tal