Elite shares dropping towards buyout offer price
Business
Finance
November 4, 2026
Share this article
Click to view full size
Resource Assets Ltd, a St Lucia-registered company, has offered to buy all of Elite Diagnostic Ltd’s issued ordinary shares at $1.60 each or less than its trading price but roughly equivalent to its book value.
The stock fell 5.0 per cent on the Jamaica Stock Exchange on Tuesday to $1.70.
“The board has not yet formed a view on the merits of the offer,” stated Elite, which runs a medical imaging chain, in a notice to shareholders.
Business
Finance
Need the bigger picture?
Share this article
Comments (0)
Download our mobile app
The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.
