Battle for Adapt IT — James Herbst and Duarte da Silva speak out
Last week Adapt IT announced that Volaris has increased its cash offer from R6.50 to R7.00 per share to make their offer “fair and reasonable”.
This followed a report from an independent expert, Nodus Capital, which concluded that a fair price range for Adapt IT was R7.00 to R9.09 per Adapt IT share.
The higher Volaris offer followed a week after Huge Group revised its offer by increasing the swap ratio from 0.9 to 1.37 Huge shares for each Adapt IT share.
Last week Adapt IT announced that Volaris has increased its cash offer from R6.50 to R7.00 per share to make their offer “fair and reasonable”.
This followed a report from an independent expert, Nodus Capital, which concluded that a fair price range for Adapt IT was R7.00 to R9.09 per Adapt IT share.
The higher Volaris offer followed a week after Huge Group revised its offer by increasing the swap ratio from 0.9 to 1.37 Huge shares for each Adapt IT share.