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Acquisition

Dec 6, 2021ACQUISITIONSri Lanka

Lankem Ceylon gains control of ACME Printing & Packaging via mandatory offer

Lankem Ceylon PLC and related parties raised their stake in ACME Printing & Packaging PLC from 33.43% to 88.27% after a mandatory offer at Rs.12 per share closed on 24 November 2021, making Lankem the controlling shareholder.

Status

Completed

Productsprinting and packaging

CompaniesLankem Ceylon PLC acquirer ACME Printing & Packaging PLC target E.B. Creasy & Company PLC partner

“Lankem Ceylon PLC and related parties have been able to increase their ownership stake in ACME Printing & Packaging PLC (ACME) by 53.30 percent to 88.27 percent”dailymirror.lk

1 source
dailymirror.lkLankem gains control of ACME Printing & Packaging in mandatory offer - Business News | Daily MirrorDec 6, 2021

Summarized from public sources; check the original articles before acting on it.

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