Huge Group’s bid for Adapt IT dubbed ‘unfair, unreasonable’
An independent expert is of the opinion that the Huge offer consideration for the JSE-listed firm is unfair and unreasonable to Adapt IT shareholders.
Assault allegations are without merit, says Sbu Shabalala
Adapt IT CEO Sbu Shabalala says he has been caught in the crossfire of accusations of violent and uncharacteristic behaviour.
Adapt IT’s Sbu Shabalala temporarily steps down after assault case
Chief commercial officer Tiffany Dunsdon will become interim CEO during the period Sbu Shabalala will be on leave.
Adapt IT, Volaris extend takeover deadline
The companies move out the deadline for the fulfilment of the scheme of arrangement for the takeover of the software services group.
Volaris gets weighty shareholder support in Adapt IT takeover bid
The Canadian software group says it is inching closer to a deal after receiving irrevocable commitment from shareholders holding 44.4% of Adapt IT shares.
Huge forced to remove videos targeting Adapt IT shareholders
The company has taken down videos that discredited its competitor Volaris’s offer and Adapt IT executives, and retracted the statements they contained.
Huge squeezes Adapt IT shareholders as takeover bid gets mucky
In a series of videos, Huge Group discredits its competitor Volaris’s offer, while accusing Adapt IT executives of caring less for shareholders.
Adapt IT to cooperate with insider trading probe into Huge
The software services company will cooperate with the Financial Sector Conduct Authority’s investigations into Huge Group’s transactions on the JSE.
FSCA launches another probe into Huge Group JSE transactions
The regulator opens a new probe into the company’s share transactions right after concluding another investigation on different transactions.
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Canada’s Volaris scuppers Huge Group’s bid for Adapt IT
Canadian software group Volaris makes a cash offer to acquire the JSE-listed specialised software services provider.