Mr Price says it is not eyeing Jet
There has been speculation the group was looking to acquire assets from struggling Edcon, after announcing a capital raise recently
28 May 2020 - 13:46
Retailer Mr Price has poured cold water on market speculation that it is looking to acquire Jet stores from struggling peer Edcon.
There had been speculation Mr Price was considering the acquisition, after announcing earlier in May that it intended to raise capital of up to 10% of the company’s ordinary issued shares — equivalent to about R3.3bn — “at an appropriate point in time and as market conditions permit”...
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