French media company Groupe Canal+ SA, a top shareholder in MutliChoice, disclosed a 35.01% stake in the company on Monday.
($1 = 18.9169 rand)
(Reporting by Prerna Bedi in Bengaluru)
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(Reuters) - South Africa's MultiChoice Group on Monday said it will not continue talks with Vivendi's Canal Plus after the board concluded that its 105 rand ($5.55) apiece offer for the shares it does not already own undervalues the company.
French media company Groupe Canal+ SA, a top shareholder in MutliChoice, disclosed a 35.01% stake in the company on Monday.
($1 = 18.9169 rand)
(Reporting by Prerna Bedi in Bengaluru)
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161.7 PTS | +0.04% | +1.13% | - | ||
104 ZAR | -0.12% | -0.88% | 2.43B | ||
9.888 EUR | +1.00% | +3.89% | 10.87B | ||
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+2.19% | 10.87B | |
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-1.67% | 2.18B |