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Tongaat Hulett CEO Gavin Hudson is hopeful on Barloworld's bitter blow to R5.35bn deal

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Gavin Hudson, the Chief Executive of Tongaat Hulett, discusses the recent ‘standstill’ of the transaction between Tongaat Hulett and Barloworld due to the latter’s call of a material adverse change (MAC) event for the full year due to Covid-19. Hudson expresses his disbelief that such a MAC event is present while remaining positive that, whichever way the deal goes, Tongaat Hulett will continue. - Nadya Swart
14 May 2020 6AM English South Africa Investing · Business News

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