Quantum Foods’ directors buy R20m in shares amid interest by third parties

Poultry group Quantum Foods, whose share price has rocketed more than 80% over the past month, said on Wednesday four members of its board had bought about R20m of the group’s shares so far this week, amid a scramble for shares by various third parties.

Quantum said its understanding was that this third party was not interested in purchasing the rest of the group’s shares. CBH had been interested in Quantum as it was an egg specialist, which would have been a good fit for the company as a poultry producer, CEO Marthinus Stander said on Wednesday. The frenzy in bidding for Quantum was intriguing, said Small Talk Daily's Anthony Clark. The purchase of shares by directors indicated that Quantum either wanted to remain independent, or “is perhaps seeking its own white knight to fend off the foxes”.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Quantum Foods’ directors buy R20m in shares amid interest by third partiesThe group has seen a number of entities expressing interest in upping their stakes in the egg producer
Source: BDliveSA - 🏆 12. / 63 Read more »

Healthy foods to stock up on when the budget is tightThese food items contain a variety of nutrients like vitamins, fibre, and antioxidants that can benefit your overall health during this unprecedented time.
Source: IOL - 🏆 46. / 51 Read more »

Quantum Foods’ directors buy R20m in shares amid interest by third partiesThe group has seen a number of entities expressing interest in upping their stakes in the egg producer
Source: BDliveSA - 🏆 12. / 63 Read more »

Uber buys Postmates in all-stock $2.65bn deal to expand in food deliveryPostmates CEO and team will stay on to manage it as a separate service
Source: BDliveSA - 🏆 12. / 63 Read more »

Third-party opinion on sale of Tongaat unit due in September, says BarloworldBarloworld and Tongaat Hulett are in dispute over the R5.3bn sale of the sugar producer's starch business
Source: BDliveSA - 🏆 12. / 63 Read more »

Capitec to waive interest payments | CitypressCapitec Bank clients who made use of payment breaks are set to benefit from a three-month 100% interest refund on their loans.
Source: City_Press - 🏆 7. / 72 Read more »