| Adapt IT's shares had fallen by 13% yesterday before its board of directors decided to grant CEO Sbu Shabalala a leave of absence to attend to personal matters. While the technology group didn't expand on what the personal matters were, the Sunday Times reported that he had hired armed thugs to assault the partner of his estranged wife. It's a big distraction for Adapt IT as it deliberates takeover proposals from two companies interested in buying or merging with it. While its shares fell sharply yesterday, those of Raubex and Novus rose significantly after the former released full-year results and the latter disclosed an improving cash position. Also updating the market, AngloGold Ashanti said it benefitted from a higher gold price in the first quarter of the year, which more than compensated for a decline in production. Meanwhile, Clicks and Pick n Pay have reached a deal that will see Clicks taking over the pharmacies in Pick n Pay's supermarkets. In Episode 24 of Magic Markets, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows.com) discuss the companies behind the FAANG and BEACH acronyms and what investors should be thinking about when analysing them. FAANG is an acronym for some of the most exciting tech companies in the world (Facebook, Amazon, Apple, Netflix and Google).The term BEACH is less common and is used to describe travel and leisure industries that will benefit from a return to normality after the pandemic. Finally today, DealMakers wraps up all the mergers and acquisitions activity that took place in the first quarter of the year. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
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