Huge Group makes whopping bid for Adapt IT


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...

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