Fairvest Property Holdings Limited cancelled to acquire Safari Investments RSA Limited in a reverse merger transaction.
Fairvest Property Holdings Limited (JSE:FVT) cancelled to acquire Safari Investments RSA Limited (JSE:SAR) in a reverse merger transaction on August 14, 2019. The deal was terminated due to undervalued the Safari. The rejection of Safari's offer for Fairvest helps clear the way for potential rival bids from unlisted group Comprop and other suitors.