'Fair and reasonable': MultiChoice gives nod to Canal+'s offer, which opens this week
Standard Bank, the independent expert roped in to consider French media giant Canal+'s R125 per share offer for MultiChoice, has determined the offer is fair and reasonable.
The bank has determined a range of R113 to R129 per share for MultiChoice, with a likely value of R120. The group, which is currently valued at around R50 billion on the JSE, said on Tuesday its independent board also recommended that should the deal become unconditional, MultiChoice shareholders accept the offer.South Africans need to be in the know if we want to create a prosperous future.
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