Independent board approves Canal+'s "fair and reasonable" all-cash mandatory offer for MultiChoice, valuing South African company at $3 billion.
Canal+, part of Vivendi, has been given the "fair and reasonable" stamp of approval by an independent board for its all-cash mandatory offer for MultiChoice, valuing the South African company at $3 billion. Canal+, which already owns 45.2% of MultiChoice shares, first announced the offer in April. The French firm plans to take over MultiChoice to grow its business in Africa, home to the world's fastest-growing population.
June 04, 2024
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