Agos­ti­ni of­fi­cial­ly launched its takeover bid for Pres­tige Hold­ings on June 17, 2025, of­fer­ing share­hold­ers of Pres­tige an all-eq­ui­ty share swap to ac­quire 100 per cent of the restau­rant man­age­ment com­pa­ny. Pres­tige share­hold­ers were of­fered 1 Agos­ti­ni (AGL) share for every 4.8 Pres­tige shares they owned.

The orig­i­nal, ini­tial clos­ing dead­line for the of­fer was Ju­ly 21, 2025, but the of­fer on­ly closed on June 23, 2026 as a re­sult of de­lays in reg­u­la­to­ry ap­proval, in par­tic­u­lar, the length of time it took for the Gov­ern­ment to ap­point a board for the T&T Fair Trad­ing Com­mis­sion.

Per­me­ll, who is a share­hold­er of Pres­tige Hold­ings Ltd, took the de­ci­sion to go pub­lic with the is­sue be­cause to do oth­er­wise could al­so se­ri­ous fi­nan­cial con­se­quences for oth­er mi­nor­i­ty and dis­sent­ing share­hold­ers of Pres­tige.