Huge Group makes R800m bid for Adapt IT

Huge Group makes R800m bid for Adapt IT

The offer is still conditional pending approval from Huge shareholders

Specialist IT group Adapt IT’s share soared more than 14% after fellow technology company Huge Group made an R800m takeover bid for it.

In morning trade on Thursday, Adapt IT’s share jumped 17.21% to R4.70 after earlier rising as much as 29.9%, which put it at a 16-month high. During the day, the stock pared its gains, ending the day 13.47% firmer at R4.55...

- BusinessDay