Alwehda Industrial Development made a mandatory offer to acquire Misr National Steel - Ataqa (CASE:ATQA) from Solb Misr and other shareholders for EGP 330 million on August 31, 2016. Alwehda will acquire 30 million shares in the offer at EGP 11 per share. The offer will open for 20 days starting from September 28, 2016 till ending of trading session on October 27, 2016. The deal will be executed within five days of the end of the tender offer. Egyptian Financial Supervisory Authority has approved the tender offer.