NOT ONE FOR THE MIN­NOWS

Finweek English Edition - - INVESTMENT -

Rain­bow has an­nounced the terms of the rights of­fer it’s con­duct­ing in or­der to fund the Food­corp deal and it has pitched the new shares at 1420c while the stock trades be­low 1400c. In short, this makes the deal unattrac­tive for smaller share­hold­ers and as the is­sue is un­der­writ­ten by ma­jor­ity share­holder Rem­gro, one can ex­pect Rem­gro to ef­fec­tively in­crease its stake in Rain­bow.

Rain­bow Chicken

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