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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now