Another deal announced
Long4Life has announced the expected purchase of Sorbet for R116m. Compared to the Holdsport deal, this is tiny as the latter is a deal of over R2bn, making the business all about Holdsport for now. The Holdsport deal is only a non-binding expression of interest so far and an all-share deal. So at the moment Long4Life still has a large pile of cash and many more deals to make. ■ *The writer owns shares in Calgro M3 and Woolworths.