AS Bryden extends mandatory offer after increasing stake in CPJ to 75.3%

AS Bryden and Sons Holding has acquired an additional 30.4% stake in Caribbean Producers (Jamaica). As a result of this additional purchase, AS Bryden now owns 75.3% of CPJ, making CPJ its subsidiary.

Consequently, AS Bryden says it will extend a mandatory offer to all remaining CPJ shareholders within thirty days in accordance with the Jamaica Stock Exchange's General Principles relating to Takeovers and Mergers.