Safari rejects takeover bid by Comprop
Deliberations turn hostile as bidder will not agree to cost recovery proposals
15 October 2019 - 20:53
Shopping mall owner Safari Investments has turned down a takeover offer from unlisted property group Comprop.
Comprop, which is part of Futuregrowth Asset Management, made a R1.8bn cash bid for Safari in July to counter a share swap offer by mall owner Fairvest. ..
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