Johannesburg - The Bidvest Group [JSE:BVT] said on Monday
that it had raised its stake in Amalgamated Appliance Holdings [JSE:AMA] (Amap)
from 27.6% to 28.3% by purchasing shares in the open market at a price not
greater than the proposed offer consideration of R3.50 per ordinary share.
On November 28 2012 Bidvest announced the joint firm
intention which set out the particulars regarding the terms upon which Bidvest
intends acquiring the entire issued share capital of Amap that it did not
already own‚ by way of a scheme of arrangement in terms of section 114 of the
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