Split should be positive
Bidvest has announced the details of the splitting of the company into two. If you hold Bidvest at the close on 27 May you will be entitled to receive one new BidCorp share for every Bidvest share you hold. The new BidCorp will hold Bidvest Food Africa and Bidvest Food Properties and the general view is that they should trade at a premium, but ultimately the market will decide on the values. That said, I do expect this transaction to be positive for shareholders.
happy to pay.