(Bloomberg) -- Edgars Consolidated Stores Ltd. shareholders backed Bain Capital LLC's bid to buy the retailer for 25 billion rand ($3.5 billion) in South Africa's biggest leveraged buyout.
Investors controlling 80.6 percent of Edgars stock voted in favor of the 46-rand-a-share offer at a meeting in Johannesburg today, thwarting opposition from South Africa's state pension fund manager and Templeton Asset Management's Mark Mobius.
Read more at Bloomberg Emerging Markets News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment