Adapt IT delists from JSE after Volaris acquisition
South African technology services company Adapt IT Holdings Limited has delisted from the JSE following its acquisition by Canadian company Volaris Group Inc, effective 3 January 2021.
"All conditions and regulatory approvals have now been...
Huge Group's message to Adapt IT shareholders
Huge Group has released a video that promotes its offer to Adapt IT shareholders, saying it provides better prospects to shareholders than Volaris’ R7.00 per share cash offer.
This video followed a statement from Adapt IT on 30 June 2021, saying...
Adapt IT's strange share price moves explained
Adapt IT’s share price has declined from R7.46 on 31 May to R6.30 on 18 June despite receiving higher offers from Huge Group and Volaris.
Late last month, Huge Group increased its offer to Adapt IT shareholders from an effective R5.52 per share to...
Adapt IT and Volaris deals under threat following Sbu Shabalala's assault allegations
Sasfin Securities deputy chairman, David Shapiro, says there will be pressure on Volaris and Huge Group to step back from their plans to acquire Adapt IT following allegations of armed assault against CEO Sbu...