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Integrated Diagnostics Holdings PLC investor Hena Holdings Ltd on Tuesday confirmed a USD 290.7 million takeover bid for the company. At 50 cents a share, the offer represents a discount of about 11% to IDH’s closing price of 56.3 cents on Monday. IDH shares fell 10% to 50 cents on Tuesday morning in London, giving it a market capitalisation of $330.2 million. The stock is up 44% over the past year. IDH is a diagnostic services provider with operations in Egypt, Jordan, Nigeria, Sudan and Saudi Arabia. In 2025, its pretax profit surged 47% to EGP2.12 billion, around £30.2 million, from EGP1.44 billion in 2024. Revenue rose 37% to EGP7.89 billion from EGP5.72 billion. Hena is a British Virgin Islands-registered vehicle privately owned by Hend El Sherbini, IDH’s chief executive, and her mother Moamena Abdul Wahab Kamel. It does not hold shares in any company other than IDH. Hena’s holding in IDH stood at 49.62% as of Tuesday, triggering a mandatory takeover bid. Hena had owned 27.94% of IDH as of Monday, but acquired an additional 21.67% on Tuesday from Actis IDH Ltd, which is controlled by funds managed by Elliott Investment Management LP, at a price of 50 cents per share. That transaction, alongside the takeover bid, is being funded by a $60 million loan to Hena and equity subscriptions by El Sherbini and her mother in the region of $43 million to $150 million. The offer price is final and will not be increased, Hena noted. It may be reduced by the amount of any dividend or other distribution declared by IDH. Hena does not foresee any changes to IDH’s business as a result of the acquisition. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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