Bidvest Group Ltd (BVTJ.J)
2 Mar 2015
JOHANNESBURG - The chief executive of South Africa's Bidvest Group said his $515 million buyout offer for Adcock Ingram is likely to be rejected by a major shareholder, meaning the industrial conglomerate could end up with less than 100 percent.
* Bidvest offered 52 rand per share, or $515 mln (For other news from Reuters Africa Investment Summit, click on http://www.reuters.com/summit/Africa15)
JOHANNESBURG - South African conglomerate Bidvest has offered about $515 million for the shares it does not already own in drugmaker Adcock Ingram in a new attempt to build a big presence in the pharmaceutical market.
* Shares in Adcock jump more than four percent (Adds analyst comment)
JOHANNESBURG, Feb 23 - South Africa's Bidvest Group has offered to buy shares it doesn't already own in drugmaker Adcock Ingram Holdings, it said on Monday.
* Proposed offer by Bidvest to acquire up to 100 pct of Adcock Ingram Holdings Limited ("Adcock")
(The following statement was released by the rating agency) JOHANNESBURG/LONDON, February 05 (Fitch) Fitch Ratings has affirmed The Bidvest Group Limited's (Bidvest) National Long-term Rating at 'AA(zaf)' with a Stable Outlook and National Short-term Rating at 'F1+(zaf)'. Fitch has also affirmed Bidvestco Limited's senior unsecured debt rating at 'AA(zaf)'. The affirmation is supported by the diversified and balanced operational profile and geographically-spread revenue stream. Bidvest's rat
JOHANNESBURG - South Africa's Bidvest Group is no longer considering listing its food service business in London, the conglomerate said on Monday, potentially disappointing investors who had hoped to benefit from the spin-off.
JOHANNESBURG, Nov 3 - South Africa's Bidvest Group is no longer considering listing its food service business in London, the conglomerate said on Monday, potentially disappointing investors who had hoped to benefit from the spin-off.
JOHANNESBURG, Sept 10 - South African conglomerate Bidvest on Wednesday appointed Barclays and Investec as advisers for a possible listing of its food business on the London Stock Exchange.