Imperial Logistics rockets by a third after R12.7bn buyout offer

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Imperial Logistics rockets by a third after R12.7bn buyout offer
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Emirati logistics giant DP World has made an offer representing a premium of more than a third for Imperial Logistics shareholders

Shares in Imperial Logistics, whose trucks haul everything from beer to medical supplies, surged a third on Thursday after it said it may delist in the wake of a R12.7bn buyout offer from global logistics giant Dubai Ports World .

The offer of R66 per share represents a 39.5% premium to Imperial’s share price as of Wednesday’s close, and may be seen as vindication for Imperial’s recent strategic shift towards the fast-growing African market...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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