“The M&A dance is in full swing,” is how Protea Capital Management’s Jean Pierre Verster describes MultiChoice Group’s rather curt rejection of Canal+.

Not only has it rejected the R105 cash offer for each of the 65% of the shares the French group doesn’t own, but MultiChoice has taken the unusually forceful step of terminating year-long discussions with the French entertainment group, and withdrawing the cautionary announcement...

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