CAXTON AND MPACT
Caxton’s tortuous takeover battle
Caxton’s stealthy bid to take over Mpact hinges on a potentially hefty competition fine — which is why this tussle for control is being kept so low-key
“Ex Caxtonia, semper aliquid novi”; out of Caxton there’s always something new, as Pliny the Elder did not say back in the first century. But it’s very likely something an early 21st-century Competition Commission official might cry out, in exasperation.
Caxton probably has more familiarity with competition law than just about any other company in SA, including giants such as Sasol, Anglo or Telkom. This familiarity comes not so much from being involved in a huge amount of merger activity or being the subject of competition investigations but more from intervening in third party, particularly Naspers-related, competitive situations...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.