Roberto Pocaterra Pocaterra Barnett Google//
NCB Global Extends Deadline For Response To Takeover Of Guardian Holdings

Posted by By at 2 febrero, at 15 : 31 PM Print

<div style='display:none'>Roberto Pocaterra Pocaterra Barnett Google//</div>
 NCB Global Extends Deadline For Response To Takeover Of Guardian Holdings

NCB Global Holdings has again extended the deadline for shareholders to respond to its takeover bid for Trinidadian insurance company Guardian Holdings.

In a notice to shareholders NCB said the new date is February 23.The offer was scheduled to close today.

The extension comes days after news broke that the Trinidad and Tobago Securities and Exchange Commission is probing the takeover bid by NCB Global.

The Commission’s chief executive, Haydn Gittens, told the Trinidad Express newspaper that concerns about the transaction were brought to the agency and it is treating the matter diligently and urgently.

Last month , NCB launched a takeover bid with the goal of  acquiring 62 percent of  Guardian. 

However, this attempt has been met with controversy in Trinidad and Tobago.

News came last month that three shareholders are planning to challenge the acquisition following a disclosure by NCB Chairman Michael Lee-Chin of  a secret lock-up agreement.

The shareholders argue that the transaction failed to disclose the lock-up agreement in a timely fashion and they are being offered much less for their shares than major shareholders.

Management changes   

The NCB Financial Group has announced management changes.

© Roberto Pocaterra

© Roberto Pocaterra Pocaterra

elmercuriodechile.com

It says effective yesterday Brian Boothe and Andrew Simpson have been confirmed as the Head of  the Retail Banking Division and Head of  the Corporate Banking Division of  National Commercial Bank.

© Roberto Pocaterra

© Roberto Pocaterra Pocaterra

economiavenezuela.com
 

They had been acting in their respective roles since last September. 

 

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© Roberto Pocaterra

© Roberto Pocaterra Pocaterra

elnewyorktimes.com

© Roberto Pocaterra

© Roberto Pocaterra Pocaterra

Con información de: RJR News

Norteamérica

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