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Adapt IT CEO Sbu Shabalala’s property deal raises questions

May 3rd 2021 at 07:32
Adapt IT CEO Sbu Shabalala is the only director of Mshengu Property Holdings, which owns the company’s Johannesburg campus.

Through the looking glass

April 25th 2021 at 18:01
Absa's lack of forward-planning laid bare, the deepening saga of Huge’s hostile play for Adapt IT, Bell Equipment disappoints, and speculation around who will take over as Truworths CEO.

Large group of Adapt IT shareholders support Volaris acquisition offer

April 23rd 2021 at 12:42
Adapt IT and Volaris have stated that shareholders holding 44.4% of Adapt IT shares support the offer from Volaris to acquire control of Adapt IT.

Huge Group takes down videos attacking Adapt IT management

April 22nd 2021 at 09:09
Huge Group has removed videos in which it attacks the motives of Adapt IT’s management related to an offer to acquire the company.

Huge Group forced to take down Adapt IT attack videos

April 22nd 2021 at 08:46
Huge Group has taken down two videos from its website in which it implored Adapt IT shareholders to accept its offer to buy the software services group in an all-share deal.

Explosive Huge Group video attacks motives of Adapt IT executives

April 21st 2021 at 13:34
Huge Group’s top management has launched an explosive video which attacks the motives of Adapt IT executives related to an offer to acquire the company.

Dublin-based hedge fund builds stake in Adapt IT

April 19th 2021 at 07:54
Who is buying JSE-listed Adapt IT shares at or above the R6.50/share offer price tabled earlier this month by Canada’s Volaris Group? A disclosure by Adapt IT may have shed some light on this question.

FSCA opens insider trading probe over transactions in Huge Group shares

April 15th 2021 at 08:14
The Financial Services Conduct Authority has begun an insider trading investigation that will β€œcover disclosures and transactions in Huge Group securities during January 2021”, it said on Thursday.

Battle lines drawn in fight for Adapt IT

April 9th 2021 at 11:30
Huge Group, whose bid for Adapt IT is in grave doubt following a rival, all-cash offer from Volaris Group, has accused Adapt IT management of β€œlooking after themselves and not their shareholders”.

Volaris makes cash offer to acquire Adapt IT

April 7th 2021 at 15:19
Canadian software group Volaris has made a cash offer to acquire Adapt IT.

Volaris Group makes all-cash bid for Adapt IT

April 7th 2021 at 12:18
Huge Group’s effort to acquire Adapt IT appears to be dead in the water. This is after Canada’s Volaris Group offered shareholders R6.50/share in cash on Wednesday for the JSE-listed software services group.

Huge Group rubbishes market manipulation claim

March 16th 2021 at 10:45
Huge Group CEO James Herbst on Tuesday rubbished a claim that the company used its share buyback programme to manipulate its share price higher ahead of its bid to acquire Adapt IT.

Huge Group sets out just why it’s pursuing Adapt IT

March 11th 2021 at 05:41
Huge Group has set out in detail why it wants to buy fellow JSE-listed technology company Adapt IT in an all-share deal valued at R795-million.

With debt under control, Adapt IT plans a return to acquisitions

March 9th 2021 at 08:06
Software services group Adapt IT will return to its strategy of acquisitive growth in its next financial year after it addressed investor concerns about the debt load on its balance sheet.

Acquisition target Adapt IT delivers solid interim results

March 9th 2021 at 02:59
Adapt IT, the software services company that’s the subject of a takeover bid by Huge Group, has delivered a solid set of interim results for the six months to end-December 2020.