MultiChoice rebuffs Canal+ buyout offer as too low
DStv operator may have to justify why it believes the offer price significantly undervalues the group
MultiChoice may have to disclose its internal valuation or plans to unlock value after rejecting a buyout offer well above its current market value.
Canal+ crossed an ownership threshold in the group that could trigger an offer to other shareholders for their stakes in the company. The French group has been building its stake in MultiChoice since 2020 and it is now at 35% from 32% last week...
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