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Published on Regoverning Markets (http://www.regoverningmarkets.org)

Shoprite, Brait End Bid Talks After Deadlock on Terms

By administer
Created 2007-05-16 16:59

May 16 (Bloomberg) -- Shoprite Holdings Ltd., South Africa's second-largest food retailer, ended buyout talks with Brait SA after the companies failed to agree on revising the terms of an initial 14.2 billion-rand ($2.1 billion) offer.

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http://www.regoverningmarkets.org/en/news/southern_africa/shoprite_brait_end_bid_talks_after_deadlock_on_terms.html