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Provider: Wright Reports
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Eqstra Holdings Ltd Proposes Acquisition Of Protech Khuthele Holdings Limited

Thursday, 21 Feb 2013 08:00am EST 

Eqstra Holdings Ltd announced that it proposes to acquire all the shares in Protech Khuthele Holdings Limited that it does not already beneficially hold, being approximately 67.23% of Protech (Offer Shares), for a cash consideration of ZAR0.60 per Offer Share acquired. The maximum aggregate value of the consideration payable by Eqstra to Protech shareholders in terms of the Offer is ZAR146,215,054.80, on the assumption that all Protech shareholders accept the Offer in respect of all of their Protech shares. The Offer Consideration of ZAR0.60 per Offer Share, payable in cash in Rand, will be adjusted for, inter alia, any changes to the capital structure of Protech between December 5, 2012 and the effective date of the Offer. 

Company Quote

12 Jun 2014