Avusa Investors Said to Get Option to Keep Stakes After Bid

Avusa Ltd., which runs a publishing venture with Pearson Plc in South Africa, received an offer from a group led by Capitau Holdings Ltd. that will allow its shareholders to sell their stakes or retain an investment in the company, a person involved in the talks said.

The terms of the offer, made to all shareholders including its biggest investor Mvelaphanda Group Ltd., may be announced as soon as today, the person said, declining to be identified because details of the proposed transaction aren’t yet public.