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Due diligence on Momentum merger going well

Jun 15 2010 12:37

Company Data

Firstrand Ltd [JSE : FSR]

Last traded R25.00
Change R-0.06
% Change -0.24%
Cumulative volume 12.14m
Market cap R140.95bn

Last Updated: 25/05/2012 at 19:32. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - FirstRand [JSE:FSR] said on Tuesday that the due diligence investigation and negotiations with regards to the proposed Momentum/Metropolitan merger are progressing well and will be completed shortly.

Following this, an announcement containing further details about the proposed merger between the two insurance groups will be released, it added.

Shareholders were accordingly advised to continue to exercise caution when dealing in FirstRand and Metropolitan shares until an announcement is made.

  - I-Net Bridge 

 
 
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