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NCB makes another offer for additional shares in Guardian Holdings

NCB Financial Group is expected to make another offer to the shareholders of Trinidad-based Guardian Holdings as it seeks, once again, to gain an additional 32.01 per cent shareholding to take its ownership of the insurance company to 62 per cent.
 
This was revealed by Trinidad's Express newspaper.
 
It says this time Guardian Holdings shareholders can expect NCB to offer up to US$0.40 more per share.
 
That would take the proposed offer price to US$2.75. 
 
The minority owners of Guardian want NCB to adjust the offer price more in line with what it initially paid large shareholders for a stake in Guardian in 2016.
 


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