I also find a genuine takeover unlikely although it is possible that some sort of reverse takeover could be engineered using IBS to get the USA listing. I think that SA would of protected themselves from a takeover fouling their investment possibly by having a pre emptive right to bid.Even if the new owners honoured both the law and the spirit of the S.A deal S.A. would not want to be beholding to a competitor. Money for investment is hard to get these days .
ann out, page-24
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