UPDATE 2-Barloworld makes $215-mln offer for Avis S.Africa

Newswire

(Recasts with Avis, analyst comments, detail throughout) By Wambui Chege JOHANNESBURG, Nov 20 (Reuters) - South African diversified industrial services company Barloworld unveiled a 1.42 billion-rand ($215 million) offer for Avis Southern Africa on Thursday, sending shares in the car hire firm to a life high. Barloworld offered to buy the 65.3 percent of Avis it does not already own for 970 rand in cash and five Barloworld shares for every 100 Avis shares held. Avis shareholders will ...

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