BRIEF-Gulf Insurance Group Says CMA Approves Fairfax (Barbados) International Corp's Offer

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- GULF INSURANCE GROUP KSCP GINS.KW:

  • CMA APPROVES FAIRFAX (BARBADOS) INTERNATIONAL CORP'S MANDATORY OFFER TO ACQUIRE ALL SHARES OF CO

  • OFFER PRICE FOR MANDATORY TENDER OFFER WILL BE 1.946 DINARS PER SHARE

  • MANDATORY OFFER EXCLUDES SHARES CURRENTLY OWNED BY GROUP OF FAIRFAX FINANCIAL HOLDINGS

  • NUMBER OF SHARES SUBJECT TO OFFER IS 28.4 MILLION SHARES, REPRESENTING 9.99% OF CO'S CAPITAL

Further company coverage: GINS.KW


((Reuters.Briefs@thomsonreuters.com;))

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