Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

ConvergeNet Shares Hit 2-Week High on Talks: Johannesburg Mover

By Mike Cohen

July 31 (Bloomberg) -- ConvergeNet Holdings Ltd., a South African provider of information technology services, rose to a two-week high after announcing it was in talks that may affect the company’s share price.

The stock rallied 12 percent to 37 cents, the highest since July 16, as of 10:45 a.m. in Johannesburg.

“Shareholders are advised that ConvergeNet has entered into negotiations which, if successfully concluded, may have a material effect on the price of the company’s securities,” the Pretoria-based company said in a stock exchange filing today. “Shareholders are advised to exercise caution when dealing in the company’s securities until a further announcement is made.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.