Finweek English Edition - - THE WEEK -

Pri­vate ed­u­ca­tion group Ad­vtech – which re­sisted a takeover of­fer from ri­val Curro Hold­ings in July – has seen its shares reach a new record af­ter news that share­hold­ers sup­port an R850m rights of­fer. Un­like Lon­min, which is beg­ging share­hold­ers for cash to keep op­er­at­ing, Ad­vtech wants to use the money to fund ex­pan­sion, make ac­qui­si­tions, and re­struc­ture some of its debt, which re­sulted from sub­stan­tial ac­qui­si­tions made last year.

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