Trans Hex buyout deal on the cards for minority shareholders
Long-suffering shareholders could receive a buyout offer. But the deal won’t include three large investors
Trans Hex is willing to pay a more than 100% premium to take the struggling diamond business private, by buying out long-suffering minority shareholders. It has been listed on the JSE for nearly four decades.
Last week Trans Hex said it could make an offer to minority shareholders at 100c a share, well above the 42c-53c range the share has traded at between the start of May and the end of June.