Certain shareholders and Board members of Modern Waterproofing Company S.A.E. (CASE:WATP) signed an agreement to acquire the entire remaining stake that they do not own in Modern Waterproofing on June 7, 2017. The transaction will be carried out through an obligatory offer wherein Modern Waterproofing will receive between EGP 0.73 to EGP 0.80 per share as consideration. The obligatory offer will be submitted the Egyptian Financial Supervisory Authority. Certain shareholders and Board members of Modern Waterproofing Company S.A.E. (CASE:WATP) cancelled the acquisition of remaining stake that they do not own in Modern Waterproofing on June 7, 2018.