Imperial Logistics rockets after R12.7bn buyout offer 🔒
The share price of Imperial Logistics, whose trucks haul everything from beer to medical supplies, surged by a third on Thursday in the wake of a R12.7bn buyout offer which served as further confirmation that global investors are interested in unlocking value from JSE-listed stocks.
In what could be the biggest deal since Pepsico’s $1.7bn acquisition of Pioneer Foods in 2020, Imperial said its management backed the deal that would be a huge shot in the arm for its ambitious plans to become the go-to provider of logistics and market-access services in Africa...
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