BSEC to formulate guideline on acquisition, merger

July 31, 2013

Bangladesh Securities and Exchange Commission has recently formed a committee to formulate a guideline for acquisition and merger of the listed companies.
The decision was taken at the commission’s 478th meeting presided over by chairman M Khairul Hossain.
The three-member committee will be headed by BSEC executive director Farhad Ahmed while directors Mahbubul Alam and Kamrul Alam Khan are the other two of the committee.
BSEC officials said the decision came following the commission’s recent approval in favour of Modern Ploy Industries for amalgamation with Modern Fibre Industries.
Some of the mergers created controversy in the past and that’s why the commission decided to formulate a guideline to protect investors’ rights during merger and amalgamation of the companies, the officials said.

-With New Age input

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