I`m still new in this game,will someone please explane to me what this will do to the current SBK share price and the SSF price if this is implemented on the 3 March. "Standard Bank (SBK) and the Industrial and Commercial Bank of China (ICBC) confirmed that all of the regulatory and shareholder requirements for the transaction between them to proceed had been fulfilled. " "The last day to trade in Standard Bank shares in order to receive the scheme consideration is 22 February and the transaction will be finally implemented on 3 March 2008. Under the scheme, ICBC will acquire 11.11% of the aggregate issued ordinary share capital of Standard Bank Group from existing Standard Bank Group ordinary shareholders at a price per share of 136 rand. "
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