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Article Excerpt
DUBAI, United Arab Emirates and AMMAN, Jordan -- Rasmala Distribution (Cayman) Limited, a subsidiary of Rasmala Buyout Fund LP, and Aramex International Limited , a leading provider of express package delivery, freight forwarding and other transportation and logistics services primarily to, from and within the Middle East and the Indian Sub-Continent, jointly announced today that they have entered into an agreement and plan of amalgamation under which Rasmala Distribution (Bermuda) Limited, a subsidiary of Rasmala Distribution (Cayman) Limited, will commence a cash tender offer to acquire all of the outstanding common shares of Aramex.
Rasmala Distribution (Cayman) Limited is an investment vehicle formed by Rasmala Buyout Fund LP, a Dubai-based leveraged buyout fund, and certain of its affiliates. Aramex's Chief Executive Officer and President, Fadi Ghandour, has agreed to acquire, simultaneously with the consummation of the tender offer, certain voting and non-voting securities of Rasmala Distribution (Cayman) Limited, representing...
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