Friday, April 13, 2007

Big SAfrican fund PIC votes against Edcon buyout

(Reuters) - Shareholders in Edgars Consolidated Stores , the country's top fashion outlet, will vote on Monday on the offer led by Bain Capital LLC of the United States, which would be the largest leveraged buyout in the country if successful.

Edcon's board has advised shareholders to accept the offer.


Read more at Reuters.com Mergers News

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