An overwhelming majority of Distell’s shareholders have voted in favour of Heineken’s buyout offer for the company. Asset manager Ninety One, which holds than less than 5% of Distell’s stock, has rejected the deal, saying Heineken’s offer is too low.

Business Day TV spoke to Ninety One investment specialist Rob Forsyth for more detail.

Or listen to full audio

Subscribe for free episodes: iono.fm | Apple Podcasts | Spotify | Pocket Casts | Player.fm