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The transaction will be settled by the issue to JD group shareholders accepting the offer of one listed ordinary share in Steinhoff for every 1.9 JD group shares.
This is equivalent to an offer price of R27.77 per JD Group share at Steinhoff´s five-day volume weighted average price of R52.77 on 17 March 2014‚ which represents a 38.1% premium to JD Group´s five-day volume weighted average price of R20.11 on this date.
The tender offer opened for acceptance at 9am today, 19 March 2014.

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za