Cornerstone Investments Holdings Limited made an offer to acquire Barita Investments Limited (JMSE:BIL) from Rita Humphries-Lewin, Karl Lewin and others for JMD 4.1 billion on July 19, 2018. The offer price is JMD 9.2. The financing for the transaction was arranged by Sagicor Investments Jamaica Limited. Post-acquisition, Board of Barita will constitute, Mark Myers as Chairman, Paul Simpson as Deputy Chairman, Ian McNaughton as Managing Directors and Duncan Stewart, Robert Drummond, Carl Bruce, James Godfrey, Carl Domville and Rita Humphries-Lewin as Directors, while Karl Lewin will cease to be a Director. Cornerstone entered into lock-up agreement with Rita Humphries-Lewin and Karl Lewin, who own 77.5% stake in Barita Investments. The transaction is approved by Directors of Cornerstone. The offer is scheduled to open on July 26, 2018 and close on August 16, 2018. Sagicor Investments Jamaica Limited acted as broker and KPMG Regulatory & Compliance Services acted as registrar to the offer. Nunes, Scholefield, DeLeon & Co. acted as legal advisor for Barita. Hylton & Hylton acted as legal advisor for Cornerstone Investments.