Adapt IT investors must choose: shares or cash?
Question raised over valuation of Adapt IT
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...