Johannesburg - The acquisition of stockbrokers Barnard Jacobs Mellet Holdings [JSE:BJM]
by FirstRand Investment Holdings (Pty) Limited (FRIHL), a wholly-owned subsidiary of FirstRand [JSE:FSR]
, is a done deal.
The parties said on Tuesday that all regulatory approvals have been received and suspensive conditions to the scheme of arrangement fulfilled.
BJM, which was acquired for a cash consideration of R4.50 per share, will delist from the JSE on January 4.