Barloworld stocks plunged by more than 5% in afternoon trade on the JSE on Wednesday following a vote against the R23 billion takeover bid by a consortium involving management of the company and ...

(Bloomberg) -- Saudi Arabia’s Zahid Group will start fresh negotiations with the shareholders of South Africa’s Barloworld Ltd., after an initial acquisition offer was rejected. The consortium ...

Barloworld, whose shareholders recently voted against a takeover by Saudi Arabia’s Zahid Group, is trading well as Barloworld Mongolia's strong performance is counteracting contractions in ...

Zahid’s Gulf Falcon Holding Ltd. and Entsha Ltd., an entity linked to Barloworld Chief Executive Officer Dominic Sewela, announced the initial offer in December. At the time, the bid was a 30% ...

Barloworld, a JSE-listed industrial giant, finds itself at the centre of a governance storm as the Public Investment Corporation (PIC), its second-largest shareholder with a 21.97% stake, on ...