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?
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