The bidding war for Adapt IT is in full swing, with prospective buyers Huge Group and Volaris upping their offers to purchase the company.

On Friday, Adapt IT released a JSE Sens (Stock Exchange News Services) announcement saying Canadian technology company Volaris had upped its cash offer to R7 a share for Adapt IT’s shares. This presents a 68% premium to the closing price of Adapt IT shares of R4.16 on April 1 — the last trading date before Adapt IT entered into the Volaris offer agreement...

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