TAKEOVER OFFERS
Adapt IT investors must choose: shares or cash?
Question raised over valuation of Adapt IT
04 June 2021 - 17:59
UPDATED 06 June 2021 - 23:54
Canadian software company Volaris hopes Adapt IT shareholders will favour its revised cash offer over a share swap offer made by Huge Group.
On Friday, Volaris upped its offer from R6.50 to R7 a share, valuing the technology firm at just under R1.1bn. But the bid is still substantially lower than a recent increased bid by another contender, local company Huge Group...
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