A buyout bid bonanza for SilverBridge

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Shareholders in this little-known technology firm have scored, thanks to a radically higher takeover price. But should this microcap shop itself around?

After more than 15 years of languishing in near-obscurity on the JSE’s AltX market, SilverBridge — a small technology company with a niche in the insurance sector — is suddenly enjoying its day in the sun. Still, some shareholders are taking a dim view of developments.

The share is up 36% in the past 30 days with a recently tabled takeover offer, replete with upwardly revised offer price, creating some rarely seen froth. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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