Big news from Africa! A company called Zahid Group wants to buy a big part of another company, Barloworld. They tried once before but didn't get enough votes. Now they're trying again!
- Zahid already owns 19% of Barloworld.
- They want to own more than 50% to make changes.
- Barloworld's stock price went up after the news.
Fact | Number |
---|---|
Zahid's offer price | 120 rand per share |
Barloworld's total value | $1.25 billion |
Barloworld stock price increase | 5.5% |