Adapt IT, the software services company that’s the subject of a takeover bid by Huge Group, has delivered a solid set of interim results for the six months to end-December 2020.
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An independent board established by Adapt IT to consider Huge Group’s unsolicited attempt to buy the software services group has appointed an independent expert to advise on whether the offer price is fair.
Adapt IT has formed an independent board committee to assess Huge Group’s unsolicited bid to buy the software company in an all-share deal valuing it at R795-million.
Huge Group has launched a takeover bid for fellow JSE-listed technology company Adapt IT. The all-share bid, at an offer price of R5.52/share, does not enjoy the explicit support of Adapt IT’s board.
Promoted | This is another ground-breaking first for South African telecommunications from Huge Telecom.
JSE-listed telecommunications specialist Huge Group has applied to list on the London Stock Exchange’s Alternative Investment Market, it said on Monday.
Huge Group subsidiary Huge Cellular has asked former partner Cell C to give it more time to migrate the remaining 15% of customers it hasn’t yet ported to MTN South Africa’s network. Cell C said it won’t get it.
Relations between Cell C and its soon-to-be-former client Huge Group have reached rock bottom, with the former claiming it’s owed R60-million by the latter and the latter saying it’s actually the one that’s owed money “morally”.
Promoted | When faced with the disappearance of your voice line along with your DSL service, there is an alternative that will get your voice paths reconnected in no time at all, with no hassles.
Promoted | The next few months are sure to reshape the way South Africans do business permanently. This article will explore how to prepare your business for this changed environment.