Huge Group makes whopping bid for Adapt IT

PREMIUM

Technology company Huge Group, whose subsidiaries operate in the telecommunications, media, technology and software industries, has made a takeover bid for JSE-listed software group Adapt IT, valuing it at R800m.

The offer, released after markets closed on Wednesday, is equivalent to R5.52 per Adapt IT share, a 33% premium on the 30-day weighed average share price as of January 26...

This article is reserved for HeraldLIVE subscribers.

A subscription gives you full digital access to all our content.

Already subscribed? Simply sign in below.

Already registered on DispatchLIVE, BusinessLIVE, TimesLIVE or SowetanLIVE? Sign in with the same details.



Questions or problems? Email helpdesk@heraldlive.co.za or call 0860 52 52 00.