Quantum Foods directors buy R20m in shares amid interest by third parties
Poultry group Quantum Foods, whose share price has rocketed more than 80% over the past month, said on Wednesday four members of its board had bought about R20m of the group’s shares so far this week, amid a scramble for shares by various third parties.
Quantum said its understanding was that this third party was not interested in purchasing the rest of the group’s shares. CBH had been interested in Quantum as it was an egg specialist, which would have been a good fit for the company as a poultry producer, CEO Marthinus Stander said on Wednesday. The frenzy in bidding for Quantum was intriguing, said Small Talk Daily's Anthony Clark. The purchase of shares by directors indicated that Quantum either wanted to remain independent, or “is perhaps seeking its own white knight to fend off the foxes”.
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