Trinidad and Tobago-based A.S. Bryden and Sons Holdings, a subsidiary of the Seprod Group, has formally launched a mandatory offer to acquire all remaining shares in Caribbean Producers Jamaica within the next 30 days.
The move follows A.S. Bryden's acquisition of an additional 30.4 per cent stake in CPJ in December.
That move brought its total ownership to 75.3 per cent.
The company had previously secured a 44.8 per cent stake in CPJ in July 2024.
The mandatory offer is being made in compliance with the rules of the Jamaica Stock Exchange where both A.S. Bryden and CPJ are listed.
According to the JSE's general principles relating to takeovers and mergers, any entity that acquires more than 50 per cent of the issued share capital of another company is required to extend an offer to purchase all outstanding shares from remaining shareholders.
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