Dar extends standstill agreement till March 31.Byline: Kuwait City The Bahraini unit of Kuwait's Investment Dar, which is in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of a debt restructuring Debt Restructuring A method used by companies with outstanding debt obligations to alter the terms of the debt agreements in order to achieve some advantage. Notes: , said it had extended its standstill agreement Standstill agreement Contract by which the bidding firm in a takeover attempt agrees to limit its holdings of another firm. standstill agreement to March 31, next year. It was not clear from the statement, posted by Investment Dar Sukuk on the Bahrain stock exchange, whether this means that Dar's standstill agreement which was supposed to run until the end of 2009, had also been extended, according to a report in our sister newspaper Gulf Daily News. 'The meeting of the certificate holders authorises the company to agree at its sole discretion to an extension to the standstill period ... until 31 March 2010,' it said. Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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