Adapt IT receives R1bn cash offer from Canadian firm
Software company Volaris Group offers R6.50 a share in all-cash bid for SA tech group
07 April 2021 - 20:32
Technology group Adapt IT, which recently had a takeover bid by telecoms company Huge Group, has received an all-cash offer for its business from a Canadian software company.
On Wednesday, Adapt IT said it had received an offer for 100% of its shares by Volaris Group. The company has offered R6.50 a share, which represents a premium of 56.3% to the closing price of Adapt IT's shares as at April 1...
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