Canal+ Takes Full Control of MultiChoice
Canal+ has secured 94.4% of MultiChoice Group's issued shares following the close of its mandatory offer to shareholders.
The result, announced to investors on Monday, clears the final hurdle for Canal+ to take full ownership of MultiChoice, ending the company’s six-year run as a separately listed company on the JSE.
- The offer, which closed on 10 October, was accepted by shareholders holding more than 217.6 million MultiChoice shares.
- This represents about 92.5% of the shares subject to the offer.
- Combined with the shares Canal+ already held, the French company’s total stake has risen to just under 95%.
Canal+ has all but completed its takeover of MultiChoice.
Author's summary: Canal+ takes control of MultiChoice.
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