Wednesday, May 30, 2007

Alexander Forbes says buy-out offer increased

(Reuters) - South African financial services group Alexander Forbes said on Wednesday a private equity buyout offer for the firm had been increased to 17.26 rand per share.

The company will hold a shareholder meeting to discuss the bid by a group of private equity firms on June 18. The offer has been revised in terms of price, and to include a re-investment option, it said.


Read more at Reuters Africa

No comments: