NEWS ANALYSIS: MultiChoice’s rise towards offer price points to investor confidence
Shares advance 14% in the week after Canal+ pitches a buyout at R105 a share
MultiChoice shares are creeping up to the R105 mark where French broadcast group Canal+ pitched its buyout offer last week, a sign that investors are confident the deal will go ahead.
Like any other listed equity, MultiChoice has had its ups and downs since being unbundled by Naspers, but that trend has generally been negative, with the worst of that experienced in 2023. ..
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