(Reuters) - Main Egyptian stock indexes rose on Thursday as shares in technology and communications firm Raya surged following an offer by Orascom Telecom to buy all issued shares in the firm, traders said.
Raya shares surged 5.5 percent to close at 13.01 Egyptian pounds, higher than the 12 pounds per share that Orascom was offering to pay for Raya. Raya's chairman has described the offer as naive.
Read more at Reuters Africa
Raya shares surged 5.5 percent to close at 13.01 Egyptian pounds, higher than the 12 pounds per share that Orascom was offering to pay for Raya. Raya's chairman has described the offer as naive.
Read more at Reuters Africa
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