Adapt IT receives support from 44% of shareholders for Volaris offer

The offer from Volaris values Adapt IT at about R1bn

2021-04-24 06:55:00 AM

The offer from Volaris values Adapt IT at about R1bn 🔒

The offer from Volaris values Adapt IT at about R1bn

23 April 2021 - 18:04Mudiwa GavazaTechnology company Adapt IT says it has received firm intentions from close to half its shareholders to accept a buyout offer from Canada’s Volaris.Earlier this month, Adapt IT received an offer for 100% of its shares by Volaris, which a part of Constellation, a Canadian technology conglomerate valued at $40bn. The company has offered R6.50 a share, which represents a premium of 56.3% to the closing price of Adapt IT’s shares as at April 1...

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Adapt IT sale emerges unscathed by assault allegations against CEOSbu Shabalala is accused of orchestrating an attack of estranged wife’s partner, but a purchase of his firm will go ahead regardless

Adapt IT boss takes leave, says allegations are without meritJSE-listed Adapt IT's CEO Sbu Shabalala has confirmed he has taken “extended leave” to rest while he deals with “personal battles”.

Adapt IT CEO denies involvement in assault claimsSbu Shabalala says accusations he hired people to assault his estranged-wife’s partner are without merit 🔒