Zarclear’s delisting no longer on the cards
The group said a takeover offer of R4.40 per share, that would have seen it delist from the JSE and A2X, undervalued the group
05 August 2020 - 12:45
Investment group Zarclear is no longer set to delist from the JSE and A2X, saying on Wednesday a recent buyout offer undervalued the group.
Financial services firm Legae Peresec Capital had made an offer of R4.40 per Zarclear share, valuing the group at about R994m, which an independent expert determined was below the bottom end of its fair-value range...
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