Dice Sport & Casual Wear (CASE:DSCW) received a preliminary offer from a consortium for a potential acquisition of up to 90% of the listed company?s issued share capital, according to a bourse disclosure. Toma for Commercial and Industrial Investments as well as Maged Samir Tama Thomas plan to purchase 1.60 billion shares in Dice at an indicative price of EGP 0.65 per share. The mandatory tender offer (MTO) will be applied in accordance with applicable Egyptian laws and regulations.

Meanwhile, the potential offer will be referred to the company?s board members for consideration.