(Reuters) - Shares in South African household goods maker and retailer Steinhoff rallied over 2 percent on Wednesday after it announced the collapse of talks to take over rival JD Group.
"It seems the market is happy that the takeover talks ended. Steinhoff has come under pressure ever since it announced it was involved with discussions to purchase JD Group," a Johannesburg-based trader said.
Read more at Reuters Africa
"It seems the market is happy that the takeover talks ended. Steinhoff has come under pressure ever since it announced it was involved with discussions to purchase JD Group," a Johannesburg-based trader said.
Read more at Reuters Africa
