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Barloworld Buyout Clears Key Hurdle As 90% Acceptance Condition Is Waived
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Barloworld Buyout Clears Key Hurdle As 90% Acceptance Condition Is Waived
The proposed R23.3 billion acquisition of Barloworld remains on course, following a key concession by the management-led consortium spearheading the transaction. In a joint statement this week, Barloworld and the consortium confirmed that the 90% minimum acceptance condition tied to the standby offer has officially been waived. This development clears a major hurdle in the transaction’s path, effectively ensuring that the offer, priced at R120 p…
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