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Imperial shareholders warming up to R12.7bn cash bid by DP World By Edward West Share IMPERIAL Logistics shot up 33.6 percent on the JSE yesterday after shareholders appeared to warm to a R12.7 billion cash bid by Dubai-based DP World to acquire its business. The offer appeared to be well received among local investors, with @ MichaelJAvery commenting on Twitter that “SA counters continue to offer compelling value to foreign buyers” while @RoyTopol said: “Another good news story for South Africa: it is also an indication of the value of the shares on offer.” A JSE analyst who did not wish to be named said a R66 offer for each Imperial share was “fair” for shareholders, especially since the share price had only been trading at more than R45 three days ago after being depressed for some time.

United arab emiratesUnited statesSouth africaSouth africanNamibia holdingsDp world groupDp worldImperial logisticsNasdaq dubaiDemocratic republicDeep catch namibia holdingsSouth americanஒன்றுபட்டது அரபு அமீரகங்கள்ஒன்றுபட்டது மாநிலங்களில்நமீபியா ஹோல்டிங்ஸ்ட்ப் உலகம் குழு