Altron, Altech and Bytes Technology Group shareholders will this morning decide whether the proposed merger of the three businesses will go ahead.
The R4.8 billion deal, which was proposed in October, will see the partly-owned, but separately listed, companies merge under Altron.
Altron is still chaired by the patriarch of the Venter family, Bill Venter, and led by CE Robbie Venter. The family effectively controls 63% of the Altron Group. Altech is also led by a family member, with Craig Venter as CEO.
Shareholders of the three companies are meeting at Altech`s offices in Houghton, Johannesburg, this morning to decide on the merger.
Altron`s shareholder meeting will take place first, followed by Altech and the Bytes Technology Group.
ITWeb will report on the outcome later today.
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