South African media company MultiChoice rejects Canal+ buyout offer at R105 per share, considering it undervalues the company.

South African media company MultiChoice has rejected a buyout offer from French media group Canal+. Canal+ had offered to buy MultiChoice for R105 per share, which is a 40% premium on the company's share price at the time. However, MultiChoice's board of directors has stated that this price undervalues the company and that they are open to receiving other, fair offers from potential buyers.

February 05, 2024
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