(Reuters) - Shares of private equity target Shoprite have risen 14.5 percent above the 28 rand-a-share bid by a consortium led by Brait Private Equity, fuelling doubts about whether the deal will go through.
Investors are now awaiting a higher offer or the collapse of the bid for Africa's largest grocer. Earlier this month, Shoprite said it would release a revised circular with the updated offer details to shareholders.
Read more at Reuters Africa
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment