CAUTIONARY
Long4Life plans a third acquisition to its stable
The Brian Joffe-led entity has entered into negotiations unrelated to the potential acquisition of Holdsport
Investment holding company Long4Life has hit the ground running and plans to add a third acquisition to its stable, four months since listing on the JSE. In a cautionary released on Tuesday the Brian Joffe-led entity said it had entered into negotiations unrelated to the potential acquisition of Holdsport. The company advised shareholders to exercise caution when dealing in its shares "until a further announcement in this regard is made". In July, the company bought 100% of beauty therapy franchise Sorbet for R116m, which was settled through a combination of cash and shares. A deal is still being stitched together with Holdsport, the owner of Sportsmans Warehouse and Outdoor Warehouse.
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