Adapt IT names board committee to assess Huge Group bid
Adapt IT has formed an independent board committee to assess Huge Group’s unsolicited bid to buy the software company in an all-share deal valuing it at R795-million.
Huge Group made the unexpected “general offer” to Adapt IT shareholders last week. Adapt IT has now, as required under South African takeover rules, constituted the independent board of directors, which is made up of Craig Chambers, Oliver Fortuin, Zizipho Nyanga and Catherine Koffman the full complement of the company’s non-executive directorship.
This board will advise shareholders on the Huge Group offer as required under the takeover regulations. It will also appoint an independent expert to issue a report on the offer and to express an opinion on whether the terms and conditions are fair and reasonable to Adapt IT shareholders.
“We’re not trying to impose ourselves; it’s just offering advice and if people want it we can spend the time with them.’’ Chambers said they were going to start the door-knocking in Twizel’s North-West Arch which was deemed “an at-risk area”. “There are a few of them around and in Twizel, but we can’t do them all at once.’’
John Bisset/Stuff
Aerial view of Twizel showing North-West Arch, one of the areas South Canterbury fire risk management officer Craig Chambers says is at high risk of fire. (File photo) Chambers said over the past 18 months Fenz has been evaluating high risk areas around the country, and in South Canterbury parts of Twizel, Lake Takapō/Tekapo, and Blandswood in Peel Forrest were highlighted because of their fire risk.
How they built Grenfell Away from the media spotlight, the Grenfell Tower inquiry is quietly disentangling a web of corporate spin and scandal. In December 2007, an Irish building materials company called Kingspan tested the fire safety of one of its insulation materials, Kooltherm K15. It was tested on a rig mocked up like a building, to mimic how the product might be used in real life, with aluminium cladding panels on a steel frame six metres tall. It created a “raging inferno”, according to one of the test’s observers from Kingspan. The Building Research Establishment (BRE), the certification body that carried out the test, had to stop it early because it risked setting fire to the laboratory. Even after the heat source was extinguished, the product continued to burn on its own.
back? yeah. the exit comes to the porch. anyone can come down. all right. we ll bring it back to the sarg and see what he says. hey, guys. where s all the chocolate? rodney was in here. he ate all the chocolate. so you have to wait until tomorrow. got them. perfect. thank you. okay. and you didn t get caught, right? d taking pictures? he s never going to get caught. this is good stuff, man. so about time you try something different. i m not going lie. these are probably the best home fries i ve had in a while. that s train style. today craig chambers is joining winston deleon on the stakeout for the terry abercrombie case.
that s train style. today craig chambers is joining winston deleon on the stakeout for the terry abercrombie case. sent me a rape case from 1992. 1992? it s an old case, one of the dna hits. i don t think he knows it s coming. but we re going to go pay him a visit over at bailey street. how long have you been there you think? i don t think he live there s. his girlfriend live there s. how old is he? 50 years right now. has he been staying out of trouble? there is other sexual offense too. apparently it s something he normally do. it s a shame he is running for 20 years. he should be in prison for 20 years doing something like that. hopefully he go to jail for the rest of his life. you kind of get attached. you learn about a suspect s history and how much he did since 1992. no, he s got to pay for his crime. you re buying? i don t know my heart can take it.