Rectron’s sale of Corex IT Distribution Dynamics has been priced at a fair value for its shareholders, says Mustek.
assets”.
Mustek says the sale will trim headline earnings per share by about 3%, while earnings per share will be about 3.1% lower, based on its most recent full-year results. Corex is a gaming computer distributor.
The listed distributor appointed Merchantec Capital as an independent expert to evaluate the fairness of the deal.
“The fairness opinion by the expert indicates the transaction is fair insofar as the shareholders of Mustek are concerned,” says a statement released by the listed company this week.
Mustek is also in talks around a potential buyout and delisting. In December, the company said a consortium led by its CEO and founder, David Kan, as well as the Trinitas Private Equity Fund, had put a non-binding offer on the table to buy out shareholders for R5.55 per share.
Related story:
Mustek still in talks
Share
