Lead party: Sanlam (offeror)
Coverage: The Meridian legal market record (editorial).
Sanlam has released the scheme circular for its acquisition of the Santam shares it does not already own. The scheme offers R505.00 per share in cash, an aggregate scheme consideration of about R21.2bn.
Santam shareholders vote on 2 December 2026. If the scheme becomes unconditional, the Santam listing is expected to terminate on 16 February 2027.
Advisers and legal counsel: not disclosed in the source. Status: circular posted; vote pending.
Sources: ghostmail.co.za
