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Guardian Holdings suggests shareholders accept NCB's takeover bid

Independent directors of Guardian Holdings Limited, have recommended that all GHL shareholders accept NCB Financial Group's US$2.79 per share takeover bid.
 
In a circular to shareholders, dated January 14, the directors said in considering the offer and in formulating its recommendation, it gave "weight" to two material considerations.
 
The board argued that acquisition of a controlling interest in GHL by NCB will confer on GHL a number of benefits. 
 
It also said NCB was a major, profitable, fast growing and forward looking Caribbean financial institution, whose shares are listed on the Jamaica and Trinidad and Tobago stock exchanges.


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