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Canal+ to make firm offer to buy remainder of S.Africa’s MultiChoice by April 8

Canal+ to make firm offer to buy remainder of S.Africa’s MultiChoice by April 8

Vivendi's French media company Canal+ will publish a firm intention to buy shares of South African pay-TV company MultiChoice tab that it does not already own by no later than April 8, it said on Monday. This follows a ruling on Wednesday by South Africa's Takeover Regulations Panel that required Canal+ to immediately make a firm intention announcement because its 35.01% shareholding in MultiChoice triggered a mandatory offer requirement when it raised its stake earlier in February. "Canal+ respects the decision taken by the Panel and will comply with it. On this basis, Canal+ confirms that it has applied for and received from the…
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