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Volaris increases its offer, Adapt IT board responds to Huge's revised offer

Volaris increases its offer, Adapt IT board responds to Huge's revised offer
it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.

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'Unfair and unreasonable.' Adapt IT independent board rejects Huge bid

Adapt IT s headquarters in Johannesburg. Photo supplied
Adapt IT s independent board, made up of its non-executive directors, has agreed with an expert that a takeover offer from Huge Group is too low.
The board also has concerns about Huge s BEE status and synergies between the two companies.
Adapt IT s CEO has taken leave following an accusation from his estranged wife that he orchestrated a violent attack on her partner.
An independent review into the terms of Huge Group’s hostile bid for software group Adapt IT found that the terms of the offer are unfair and unreasonable to Adapt IT shareholders. ....

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