Canal+ hits bump in attempted buyout of MultiChoice
Ruling needed on 'unique case that has never been tested'
11 February 2024 - 05:58
The market is waiting with bated breath to find out if French media group Canal+ will be allowed to make a mandatory offer for the rest of MultiChoice in what analysts described as a unique case that has never been tested due to different regulatory requirements.
This week, MultiChoice’s board rejected an offer from Canal+ of R105 per share of the stock that it does not already own, saying that it significantly undervalues the company and its future prospects. ..
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