The Finance Ghost: JSE delistings continue, with Mediclinic set to disappear (DM)

Mediclinic looks set to disappear, with an offer by Remgro and the family behind Mediterranean Shipping Company. PSG has collapsed its holding structure, unbundling most of its assets to shareholders. The latest names to be added to the list are Massmart and Grindrod Shipping. Walmart has put down an offer of R62 per share for Massmart, a spectacular premium of 68.7% to the 30-day volume-weighted average price. Taylor Maritime Investments Limited (listed in London) has made a non-binding indicative proposal to acquire all the shares in Grindrod Shipping that it doesn’t already hold. The indicative price is $26 per share. Click here to read full article