Alex Forbes buyout offer settled

Financial services firm Alexander Forbes said yesterday that a consortium of private equity firms had made a firm offer to buy the company for R16,25 a share.

Financial services firm Alexander Forbes said yesterday that a consortium of private equity firms had made a firm offer to buy the company for R16,25 a share.

The planned R8,4billion bid was announced last month and provisionally recommended by the company, but the consortium had to finalise funding. - Reuters

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