The protracted bidding war for acquisition of Adapt IT ratcheted up another notch on Friday after the Huge Group ramped up its bid to about R1.3 billion for the specialised software and digitally led business solutions company. Picture: Ian Landsberg/African News Agency(ANA)
Bidding war hots up after latest offer for Adapt IT
By Philippa Larkin
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THE PROTRACTED bidding war for acquisition of Adapt IT ratcheted up another notch on Friday after the Huge Group ramped up its bid to about R1.3 billion for the specialised software and digitally led business solutions company.
The market welcomed the move. Huge Group's shares closed 9.32 percent higher at R5.75 on Friday, while Adapt IT's shares leapt 8.64 percent to R6.79.
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