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HCI MAKES BID TO ACQUIRE REST OF METTLE

Hosken Consolidated Investments (HCI) would make a 37c a share offer to buy out the minorities of specialist finance house Mettle, it announced on Friday. The offer excluded the 65 percent of Mettle held by HCI’s Merilyn Investments and would strengthen Mettle’s black empowerment credentials, HCI said.   Old Mutual had given a written undertaking to sell its 21,6 percent stake and other minorities had agreed to the deal, subject to an independent adviser’s assessment.

Source: Star Business Report – Gugulakhe Masango