(Reuters) - Shares in small South African financial services firm Capitec jumped as much as 3.6 percent on Thursday after bigger rival PSG offered to buy up to 34.9 percent of the company.
PSG said it would offer 1.4545 of its own shares for each Capitec share. It has placed a value of 40.79 rand on each Capitec share which represents a 14 percent premium on Capitec's 30-day volume weighted average price on April 23.
Read more at Reuters Africa
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment