Steinhoff has substantially sweetened its proposed settlement offer to multiple shareholder claim groups, but it's impossible to know whether the improved offer will pass shareholder muster -- and the vote is likely to go down to the wire.
Steinhoff announced on Friday that it had added just under R4-billion to its settlement offer, which now amounts to €2.1-billion or R20-billion. That might sound like a lot, but it means that the majority of claimants would be getting somewhere between 6.64c and 9.96c in the euro.
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