Barloworld rockets on buyout and delisting offer

Barloworld’s share price rose the most in a quarter of a century in intraday trade on Wednesday after the industrial group said a consortium, including its CEO, had offered to buy and delist the company, which went public in 1940.

The shares rose as much as 21% to R111.30 — the biggest one-day gain since at least 1999 — after the announcement of the offer, which values the company at R23bn...

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