Monday, April 30, 2007

Alexander Forbes says s'holders to back amended buy-out

(Reuters) - South African financial services firm Alexander Forbes said on Monday shareholders holding 64 percent of eligible voting shares had agreed to back an amended 8.8 billion rand private equity buyout of the firm.

Alexander Forbes said in a statement it was finalising documentation to amend the scheme to include a re-investment option for existing shareholders.


Read more at Reuters Africa

No comments: