MultiChoice shares traded at their highest level since May 2023 on Wednesday after SA’s takeover regulation panel ruled that French broadcaster Canal+ is required to make a mandatory offer immediately to buy shares of pay-TV company MultiChoice that it does not already own. 

Canal+, a top shareholder in MultiChoice which had a 31.67% interest when it proposed the offer, raised its stake to 35.01% after the deal’s announcement earlier in February, just above the threshold that would require the company to make a mandatory offer to shareholders...

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