Saab SA has yet to make an offer to buy JSE-listed Grintek, although the market appears confident that such an offer will be made.
Grintek`s share price soared last month after the group announced that Saab SA was considering buying the shares in the group that it did not already own.
The offer price being considered is 170c per Grintek share.
The Grintek share, which had been trading at around 130c in the weeks before the announcement was made on 9 November, has been trading at above 170c since then.
Yesterday the share closed at 171c, down 2c or 1.2% on Friday`s close.
However, Grintek has issued another cautionary notice saying: "To date, the board of directors of Grintek has received no offer from Saab SA."
It warns shareholders to continue to exercise caution in their shares until a further announcement is made.
Grintek has said that an offer from Saab would not include the shares held by Kunene Finance Company and Kunene Technology Investments.
Saab is already a Grintek shareholder, having bought a 21.1% stake in the group early this year. Kunene Bros Holdings is a 30% shareholder.
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