Volaris makes cash offer to acquire Adapt IT

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MyBroadband Newsfeed
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Volaris makes cash offer to acquire Adapt IT

Canadian software group Volaris has made a cash offer to acquire Adapt IT. Volaris is a subsidiary of Toronto-listed Constellation Software Inc.

JSE-listed Adapt IT stated that it has received a “notice of firm intention” to make an offer to buy over 50% of the issued ordinary shares of Adapt IT for a cash consideration of 650 cents per share.
 

ToxicBunny

Oi! Leave me out of this...
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Apr 8, 2006
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Give or take R480m.

Its a 47% premium over their current share price, so a pretty decent offer actually.
 
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