Net 1 Ueps Technologies Inc. (UEPS)

[r clarke]

UEPS invests in Cell C.

Payments processing and technology firm Net 1 is buying 117.9 million Blue Label shares for 2 billion rand, giving it a 15 percent stake in the airtime distributor.

Net 1 expects to pay for the transaction through a combination of cash and debt plus the issuance of five million shares, the company said on Wednesday

They will reportedly issue 5 million shares at $9


This debt and dilution have me very concerned.
I doubt UEPS is going to hold $11

... not with 5M shares being sold at $9

It probably will slip a dollar or more short term?