Compiled by Ahmed Areff
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A general view of the MultiChoice Building in Johannesburg.
Gallo Images/Luba Lesolle
Last week, the Takeover Regulation Panel (TRP) ruled that Canal+ had to make the offer “immediately” after concluding SA’s restrictions on foreign ownership don’t eliminate all of its voting rights. In early February, Canal+ had indicated it was interested in paying R105 per share for Africa’s biggest pay-TV operator but was rebuffed by its board, which said this undervalued it.
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