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Edcon board recommends Bain Capital’s ZAR25bn buy-out offer

9 Feb 2007

The board of directors of Edcon has unanimously recommended to shareholders an offer from Bain Capital to acquire its entire ordinary share capital at ZAR46 per share. The total value of the transaction is R25bn ($3.5bn). The existing Edcon management team will have the opportunity to invest in the company alongside Bain Capital.

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