Block of Adapt IT shareholders supports Volaris takeover offer

Monday 26 April 2021 | 10:19 CET | News
Holders of 44.4 percent of Adapt IT shares have given irrevocable undertakings to accept an acquisition offer from Volaris, IT-Online reported. On 07 April, Volaris and Adapt IT announced that Volaris had offered to acquire up to 100 percent of the issued ordinary shares, excluding treasury shares. Volaris has now received an irrevocable undertaking from Blacksheep Master Fund to vote in favour of the offer.

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Categories: IT
Companies: AdaptIT
Countries: South Africa
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