Embattled Orion Real Estate receives buyout offer
The 2c per share offer represents a 96.5% discount to the company’s share price when it was suspended in November 2018
14 October 2019 - 13:51
Orion Real Estate, whose shares have been suspended from the JSE since November 2018, said on Monday it had received a buyout offer representing a 96.5% discount to the last trading price of its share.
An independent board believed the 2c per share offer was unfair and unreasonable, the company said in a statement, but had recommended that shareholders accept the offer from Gmeiner Investment Holdings in light of the company’s difficulties...
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