Bossa says minority buyout offer begins April 22

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ISTANBUL, April 20 | Mon Apr 20, 2009 9:03am EDT

ISTANBUL, April 20 (Reuters) - Turkey's Akkardan Industries will make a buyout offer to minority shareholders in textile firm Bossa (BOSSA.IS) on April 22 after buying a majority stake in the company last year, Bossa said on Monday.

Akkardan bought 73.1 percent of the company last August for $111.48 million.

Shares in Bossa were trading 3.14 percent higher at 2.30 lira at 1255 GMT. Akkadan will set an offer price on Tuesday, according to Bossa's filing with the Istanbul Stock Exchange (Reporting by Thomas Grove; Editing by Greg Mahlich)

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