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Bidvest raises stake in Amap

Jan 28 2013 09:35 I-Net Bridge

Company Data

THE BIDVEST GROUP LIMITED [JSE:BVT]

Last traded 282.53
Change -6.51
% Change -0.02
Cumulative volume 399431
Market cap 93.58bn

Last Updated: 23/09/2014 at 02:01. Prices are delayed by 15 minutes. Source: McGregor BFA

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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 Act.

 

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