Dangote Sugar Refinery (DSR) has disclosed that it has agreed to the terms and conditions of the merger of the company with NASCON Allied Industries Plc. and Dangote Rice Limited (DRL).
In a statement released on Wednesday, Dangote Sugar said the scheme of arrangement offers NASCON and DRL shareholders 12 shares of 50 kobo each in DSR for 11 ordinary shares of 50 Kobo each held in NASCON.
Also, they will be offered 14 ordinary shares of 50 Kobo each in Dangote Sugar for every ordinary share of N1.00 Kobo each in Dangote Rice.
