TAKEOVER OFFERS
Huge Group says the show’s not over after vote on Adapt IT
A majority of investors voted in favour of selling the software group to the Canadian group
01 July 2021 - 10:39
UPDATED 01 July 2021 - 23:17
Huge Group, which has been fighting to take over Adapt IT’s business for the past six months, says it still has a shot at winning the battle even as the software group’s shareholders voted in favour of a R1bn rival offer from Canadian group Volaris.
Just more than 87% of shareholders voted in favour during a meeting on Wednesday, putting Volaris a step closer to taking over the technology group founded by Sbu Shabalala and giving it a foothold on the continent...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.