MultiChoice has formed an independent board to review Groupe Canal+'s offer to purchase the remaining shares of the company. The offer values MultiChoice at around R55 billion.
MultiChoice has informed shareholders that it has established an independent board to consider Groupe Canal+ ’s offer to buy the shares of the company it does not yet own for around R35 billion.
It also announced the names of the independent board, which must provide an opinion on the offer and recommend to MultiChoice shareholders whether to accept or reject it. Sanusi is a senior consultant in the UK National Health Service, having served in the position for 21 years at West Hertfordshire NHS Trust.
This is up from the roughly 35.01% it owned at the end of February that triggered the mandatory offer.However, the French media giant is not waiting to buy these shares at R125 each.
Multichoice Groupe Canal+ Independent Board Offer Shares Valuation
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South African billionaire could help French media giant buy MultiChoice in R55-billion dealPatrice Motsepe is reportedly in talks with Groupe Canal+ to help them buy DStv operator MultiChoice.
Read more »
Canal+ deal forces MultiChoice to extend Patel’s tenureMultiChoice reaches an agreement with Imtiaz Patel that will see him continue as chairman until completion of the Canal+ transaction.
Read more »
Billionaire Patrice Motsepe could join R55bn Canal+ bid for MultiChoiceBillionaire Patrice Motsepe could join R55bn Canal+ bid for MultiChoice
Read more »
Patrice Motsepe could join Canal+ bid for MultiChoicePatrice Motsepe is in talks with Canal+ to join the multibillion-dollar bid for MultiChoice Group, sources have said.
Read more »
Is Comcast next to bid for MultiChoice?In rejecting Groupe Canal+’s bid, MultiChoice Group made a rather interesting remark to investors on Monday.
Read more »
Sophos SA launches Partner Care to boost mid-market channelCyber security-as-a-service company establishes single point of contact to bolster service levels.
Read more »