Volaris has the edge over Huge Group in bid for Adapt IT
Both companies have increased their offers for the JSE-listed technology firm
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. ..