South African private education group Advtech said on Tuesday it had rejected a takeover offer from its bigger rival Curro Holdings, sending its shares tumbling.
Advtech rejects takeover offer from rival Curro, shares tumble
The owner of upscale schools and colleges said its board decided unanimously that Curro's offer was "not in the best interests" of Advtech.
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The owner of upscale schools and colleges said its board decided unanimously that Curro's offer was "not in the best interests" of Advtech. The firm's shares fell nearly 6 percent to 11.25 rand by 1415 GMT.
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