Huge increase in offer to Adapt IT shareholders
Huge Group has increased its offer to Adapt IT shareholders from an effective R5.52 per share to R9.09 per share.
It has therefore increased in the originally announced swap ratio from 0.9 Huge shares for each Adapt IT Share tendered to approximately 1.37 Huge shares for each Adapt IT Share tendered.
This revised offer comes after the Adapt IT board recommended that its shareholders reject the offer of Huge Group to acquire all the company’s issued shares.
Huge Group has increased its offer to Adapt IT shareholders from an effective R5.52 per share to R9.09 per share.
It has therefore increased in the originally announced swap ratio from 0.9 Huge shares for each Adapt IT Share tendered to approximately 1.37 Huge shares for each Adapt IT Share tendered.
This revised offer comes after the Adapt IT board recommended that its shareholders reject the offer of Huge Group to acquire all the company’s issued shares.
