COMPANY COMMENT
Volaris has the edge over Huge Group in bid for Adapt IT
Both companies have increased their offers for the JSE-listed technology firm
09 June 2021 - 20:42
All eyes are on the shareholders of Adapt IT, who are sitting with two revised offers from JSE-listed Huge Telecom and Canadian-based Volaris. Last week, both companies increased their offers for the JSE-listed technology firm.
Volaris, a unit of Canada’s Constellation Software, initially put in a firm cash offer of R6.50 a share, equating to R1bn, which won the support of Adapt IT management. Last Friday it upped its offer to R7 a share. This came days after Huge increased its bid. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.