{"id":15814,"date":"2012-10-23T20:01:31","date_gmt":"2012-10-23T18:01:31","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/s-africas-growthpoint-to-buy-fountainhead\/"},"modified":"2012-10-23T20:01:31","modified_gmt":"2012-10-23T18:01:31","slug":"s-africas-growthpoint-to-buy-fountainhead","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-growthpoint-to-buy-fountainhead\/","title":{"rendered":"S.Africa&#8217;s Growthpoint to buy Fountainhead"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Oct 23 (Reuters) &#8211; South Africa&#8217;s biggest<br \/>\nproperty group Growthpoint offered to buy rival<br \/>\nFountainhead Properties on Tuesday, in a cash and share<br \/>\ndeal that values the company at more than 10 billion rand ($1.14<br \/>\nbillion).<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Growthpoint will offer 35 shares for every 100 held by<br \/>\nFountainhead shareholders. Growthpoint would also pay off<br \/>\nFountainhead&#8217;s existing debt.<\/p>\n<p><span><\/span><\/p>\n<p>The offer ratio is 15 percent premium to Fountainhead&#8217;s<br \/>\nclosing price on Tuesday.<\/p>\n<p><span><\/span><\/p>\n<p>The deal, if concluded, would create the 26th largest<br \/>\ncompany on the South African bourse with a market value of more<br \/>\nthan 54 million rand ($6.15 million).<br \/>\n($1 = 8.7745 South African rand)<\/p>\n<p> (Reporting by Tiisetso Motsoeneng; editing by David Dolan)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG Oct 23 (Reuters) &#8211; South Africa&#8217;s biggest property group Growthpoint offered to buy rival Fountainhead Properties on Tuesday, in a cash and share deal that values the company at more than 10 billion rand ($1.14 billion). Growthpoint will offer 35 shares for every 100 held by Fountainhead shareholders. Growthpoint would also pay off Fountainhead&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15814","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15814"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15814\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}