Business News

Republic Bank extends CNC shares purchase deadline, now 23 November

Republic Bank Trinidad has now extended its share purchase offer deadline to 23 November as it moves to take over majority shares in Cayman National Corporation.

The partial share offer from the bank was initially expected to expire Monday (12 November) evening.
This is the second extension from the Barbados-based conglomerate.

The new extension was published on the Cayman Islands Stock Exchange.
The bank is seeking to acquire up to 74.99 percent of the ordinary shares at Cayman National.

Its current offer is US $6.25 cents per Cayman National share.

About the author

Reshma Ragoonath

Reshma Ragoonath

Reshma Ragoonath is a Trinidadian journalist with 18 years media experience with a strong background in print with her most recent stint at The Cayman Reporter. She has a BA in Mass Communications, as well as, an Associate degree in Journalism and Public Relations.

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