The board of directors of ELB on Wednesday made delisting-linked offer to its shareholders, which saw its share price rise. By late afternoon, the JSE-listed company’s price had risen by 54.17% to R1.85 a share. The capital equipment and engineering solutions group proposed a transaction to acquire all ordinary shares for R2 a share cash and separate to the scheme, but running concurrently with it, a conditional general same-priced-per-share offer to be implemented should the first scheme fail.
