FRONTIER MARKETS (EGARD UP ON THE REA REVISED DEAL)

This came out yesterday on bloomberg "REA Trading Ltd., based in London, increased its offer to 70 shillings per share from 40 shillings per share, according to a statement e-mailed today from the Kenyan capital, Nairobi. Shareholders who accept the offer will be entitled to a portion of funds resulting from the future sale of land for up to 15 shillings per share, it said."

Seems the market is convinced that there is now good value in investing in Agricultural companies as most of them are grossly undervalued. EGARD looks like a good candidate for a buyout.