ANSA Coatings International Limited offered to acquire additional 19.14% stake in Berger Paints Trinidad Limited (TTSE:BER) for TTD 6.7 million on November 1, 2017. Under the offer, ANSA Coatings will acquire 0.99 million shares of Berger Paints Trinidad at TTD 6.76 per ordinary share in cash. The offer will be funded from own sources of ANSA Coatings and its parent, ANSA McAL Limited. If within 120 calendar days after the date of the offer, the offer is accepted by shareholders allowing the ANSA McAL to hold not less than 90% of the shares, then ANSA McAL has a right and may trigger in its sole discretion an acquisition of the offer shares not deposited under the offer on the same terms. The offer will remain open from November 1, 2017 to December 6, 2017. The offer is subject to Trinidad & Tobago Central Depository Limited (TTCD) and Trinidad & Tobago Stock Exchange Limited (TTSE) treating all transfers of the dematerialized shares made pursuant to this offer as having been made in accordance with the rules of the TTSE or the TTCD, no governmental, supranational or trade agency or regulatory body or any court or other person having instituted or threatened any action suit or investigation or enacted any statute or regulation or order or decision and no material adverse change in the business of Berger Paints Trinidad. As of November 15, 2017, the Board of Berger Paints Trinidad recommended that the shareholders accept the offer and PricewaterhouseCoopers Advisory Services Limited declared the offer to be fair. As of December 7, 2017, ANSA Coatings extended the offer period till December 22, 2017. Ernst & Young Services Limited Trinidad performed an independent formal valuation of Berger Paints Trinidad. Trinidad and Tobago Central Depository Limited acted as paying agent and Caribbean Stockbrokers Limited acted as broker dealer for ANSA Coatings International Limited. PricewaterhouseCoopers Advisory Services Limited acted as financial advisor for the directors of Berger Paints Trinidad. ANSA Coatings International Limited completed the acquisition of 13.4% stake in Berger Paints Trinidad Limited (TTSE:BER) for TTD 4.7 million on December 22, 2017. ANSA Coatings paid TTD 2.3 million for 0.34 million shares tendered till December 6, 2017. ANSA Coatings will pay TTD 2.4 million for 0.35 million shares tendered during the extended period. The payment date is January 2, 2018. All the terms and conditions of the offer have been complied or waived.