Aramco acquisition of SABIC, success or not?
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When Saudi Aramco announced its completion of its acquisition of SABIC on June 17, 2020, SABIC’s stock price was trading at SR89/share in the Saudi stock exchange. Saudi Aramco had paid approximately SR123.39/share to PIF (the majority shareholder). Although the SABIC share price is currently trading at approximately SR133.60, was the premium paid in 2020 worth it?
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