kwv

A new low ball offer to #KWV shareholders – #wine is just not worth the bottle anymore

HCI is making an offer of R8.80 to buyout shares in KWV from normal shareholders. If HCI ends up garnering only a handful of shares there will be awkward questions about deliberately triggering a costly offer. The costs of the mandatory offer are not documented in the circular to shareholders, but there’s a possibility these … Continue reading →