RITE OF­FER /

Finweek English Edition - - NEWS YOU CAN USE -

Brait Private Eq­uity and Sho­prite chair­man Christo Wiese have buck­led un­der pres­sure from share­hold­ers and made sub­stan­tial changes to their ini­tial of­fer for gro­cery re­tailer Sho­prite Hold­ings, af­ter in­sti­tu­tional in­vestors threat­ened le­gal ac­tion. The sweet­ened of­fer in­cludes an in­creased cash of­fer to share­hold­ers of R28/share, up from the pre­vi­ous R26/share, valu­ing the com­pany at R15,2bn.

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