- May 30, 2003
- Posted by: admin
- Category: Historical Investments
Auditing firm KPMG have announced that the delisting offer to SOFTLINE minorities might not be fair to long-term investors, in that the consideration price of 130c does not reflect the fundamental value of Softline based on their independent valuation of the firm. OLD MUTUAL have been against the price for some time now, and the consortium looking at buying Softline includes amongst others Ellerine Brothers Ltd and executives from Hosken Consolidated Investments. Further details will be posted to shareholders on or about the 20th June.
Softline remained untraded at R1,25 on Thursday.
Source: Citizen – Belinda Anderson