- February 24, 2003
- Posted by: admin
- Category: Historic Investments
Although not finalised, it is expected that Hosken Consolidated Investments will offer financial services group Mettle about 43 cents per share to the latter’s minority shareholders, and would lift its total shareholding to 51% from 46% by purchasing a further 38m shares. This in turn would trigger of a mandatory offer to the Mettle minorities. Plans for the de-listing of Mettle would have to be discussed with institutional shareholders Old Mutual.