New suitor promises to take Adapt IT to new heights but Huge Group may keep fighting

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The past three months of excitement around technology company Adapt IT is coming to a head as a Canadian software group company swoops in with a new offer, but for telecoms company Huge Group - which was the first to make a play for Adapt IT - the fight is far from over.
By the time the market closed on Thursday, the company's shares had surged by more than 37%, a high it had enjoyed for most of the day, following the news about Canada's Volaris Group putting its hand up to acquire it.  
On Wednesday, Adapt IT announced that a Canadian company, the Volaris Group, had made an offer to acquire 100% of it at R6.50 per share, which is a 56.3% premium to the local software company's average 30-day share price.

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