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Sun 20 Dec 2015 10:33 AM

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Kuwait's Viva says board to discuss takeover offer on Sunday

Parent company Saudi Telecom Co said last week it will offer $3.29 per share

Kuwait's Viva says board to discuss takeover offer on Sunday

The board of Viva will meet on Sunday to discuss a takeover offer from its parent company Saudi Telecom Co (STC), according to a bourse filing from the Kuwaiti telecommunications firm.

STC said last week it will offer 1 dinar ($3.29) per share to buy out other shareholders in Viva.

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