Bain Capital LLC has made a R25bn buyout offer for South Africa's largest fashion retailer Edgars Consolidated Stores (Edcon) in the country's biggest private equity deal yet.
Edcon said in a statement the cash offer was R46 per ordinary share and R2 for each preference share. Edcon's board has recommended that shareholders accept the offer.
Read more at FIN24.co.za
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment