Technology company Adapt IT says it has received firm intentions from close to half its shareholders to accept a buyout offer from Canada’s Volaris. 

Earlier this month, Adapt IT received an offer for 100% of its shares by Volaris, which a part of Constellation, a Canadian technology conglomerate valued at $40bn. 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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