Alan Peat THE ON-GOING saga of the takeover of DNA Supply Chain Investments - which includes the Micor forwarding operation - has still not reached a conclusion. An offer of R160-million from Mettle, through its subsidiary Sage Wise, to buy a controlling stake fell through on June 2, DNA said. The reason, according to DNA, was that on the face of it the offer was not capable of being implemented. Meanwhile DNA said it would continue negotiations with Super Group - the distributor of motor parts and electronic equipment - which has made a loan of about R22.5-m available to DNA. This followed its March offer of R283.9 million to buy DNA’s core operations which include Micor, Sherwood, Auto, Streamworks and Jumpoint. A stock market observer told FTW that DNA shares were priced at R1.40 during 2000 but were 15-cents at the beginning of this month, and closed on Friday, June 6, at 3-c.
