MultiChoice shares at R105 puts pressure on Canal+ to sweeten its offer
Analysts expect Canal+ to come back with a higher takeover offer
16 February 2024 - 05:00
MultiChoice shares hit R105 on Wednesday for the first time since May 2023, putting more pressure on French broadcaster Canal+ to sweeten its offer for Africa’s largest pay-TV operator.
Canal+, which already owns more than a third of MultiChoice, wants to buy out the rest of the company at R105 a share, or just more than R31bn in what would the biggest merger & acquisition deal in SA in 2024...
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