Huge forced to remove videos targeting Adapt IT shareholders
The company has taken down videos that discredited its competitor Volaris’s offer and Adapt IT executives, and retracted the statements they contained.
Huge squeezes Adapt IT shareholders as takeover bid gets mucky
In a series of videos, Huge Group discredits its competitor Volaris’s offer, while accusing Adapt IT executives of caring less for shareholders.
Adapt IT to cooperate with insider trading probe into Huge
The software services company will cooperate with the Financial Sector Conduct Authority’s investigations into Huge Group’s transactions on the JSE.
FSCA launches another probe into Huge Group JSE transactions
The regulator opens a new probe into the company’s share transactions right after concluding another investigation on different transactions.
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Canada’s Volaris scuppers Huge Group’s bid for Adapt IT
Canadian software group Volaris makes a cash offer to acquire the JSE-listed specialised software services provider.
Adapt IT reduces debt, proves resilient in the face of COVID-19
In the six months to 31 December 2020 attributable profit after tax increased 37% to R28 million, and cash generated from operations increased 67% to R124 million.
Adapt IT debt strategy pays off, cuts debt interest by R8m
The company says it has shown resilience in a year most businesses were affected by the COVID-19 pandemic and other macro-economic factors.
Adapt IT appoints Nodus Capital to examine Huge Group offer
The findings and recommendations by the financial expert will assist Adapt IT shareholders to understand the implications of the proposed transaction.
Adapt IT appoints board to scrutinise Huge Group offer
The company assigns a four-member team to conduct due diligence on the proposed R800 million acquisition.
Huge receives shareholder backing in Adapt IT buyout deal
Huge Group gets the backing of the majority of its shareholders to proceed with the proposed takeover of JSE-listed software services firm Adapt IT.