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PUTCO’S “NO” TO HCI RAISES SHARE PRICE

22 Oct Transport

Commuter bus company PUTCO’s share price climbed 0,7% to R6,75 yesterday as the company said Hosken Consolidated Investments’ bid to take over the company was ‘defective’. Putco said it would not be considering the HCI offer to Putoc shareholders of R6,74 a share.

Source: Business Day – Larry Claasen