MICT Inc (MICT)

[novicetrader]

At long last the anticipated news comes out, had almost given up on this! One thing I'm still unclear about though-they say BNN will purchase another 20% MICT shares(making their MICT holding 35%)-what about the remaining 65%?Will all of us be able to get the promised $1.65?Or will it only be some MICT holders who will be able to get that price?

BNN Technology PLC, a 15% stockholder in MICT and majority stockholder of Brookfield Interactive (HK), will commence a tender offer to purchase up to 20% of the issued and outstanding shares of MICT's common stock, not already owned by it within 15 business days at a price of $1.65 per share, in order to increase its ownership percentage of MICT to a maximum of 35% (assuming full participation in the tender offer).