A few months after its inaugural JSE listing, newcomer Long4Life has set its sights on fellow JSE-listed Holdsport, proposing a potential acquisition on a share exchange basis. The share price of Holdsport rose nearly 7% and Long4Life nearly 5% following the announcement, on Monday morning, that the Brian Joffe-led Long4Life had submitted a nonbinding expression of interest to acquire the sport, leisure and recreational merchandise cash retailer and wholesaler.
Source: www.engineeringnews.co.za
Long4Life submits nonbinding offer for Holdsport
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