Arab Finance: Expedition Investments has amended the price of its mandatory purchase offer (MTO) for Arabian Food Industries Company (Domty) (DOMT) to EGP 5.5 per share, instead of EGP 5 per share, the Financial Regulatory Authority (FRA) announced in a statement on September 8^th.

On September 6^th, Domty revealed that its independent financial advisor (IFA) BDO set the fair value (FV) of Domty’s stock at EGP 6.90, which is 38% higher than the offered price of EGP 5.

On August 16^th, the FRA approved the submitted offer by Expedition Investments to acquire up to 34% stake in Domty at a price of EGP 5 per share.

Domty is an Egypt-based company engaged in the production and sale of dairy products, including cheese products, such as Tetra Pak cheese, plastic tubes cheese, mozzarella cheese, and spread cheese, as well as milk products and juices.

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