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Canadian company sweetens bid for Adapt IT

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Adapt IT has caught the eye of Huge Group and Volaris Group
Adapt IT has caught the eye of Huge Group and Volaris Group
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The Canadian company has increased its offer to Adapt IT shareholders.

The company bolstered its offer from R6.50 to R7.00 per share in cash. (Adapt IT investors can also choose to accept unlisted shares in the company.) 

Recently, SA telecoms group Huge Group has hiked its competing bid to an equivalent of R9.09 – but not in cash. Adapt IT shareholders will get shares in Huge instead.

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