Carsons to buyout minority shareholders of Equity One

Carson Cumberbatch has announced a move to buy out the minority shareholders of its subsidiary Equity One PLC.
Carson’s already own 38.1 million shares or 94.6% stake in Equity One.
It has notified its intention to make an offer to purchase all the of the shares of the Company other than the shares already held by Carson Cumberbatch PLC at Rs.24/- per share.
According to Section 12 of the Takeovers and Merges Code 1995 amended in 2003, the Company will obtain competent independent advice on the offer and such advice with the views and comments from the Board of the Company would be made known to the shareholders within the time stipulated by section 13(2) of the said Code.