Multichoice rejects Canal+ $2.5 billion offer, cites offer undervalues the Group and its future prospects

Multichoice Group has rejected Canal+ 2.5 billion offer saying the offer undervalues the group and its future prospects as Africa’s biggest media conglomerate. Multichoice shareholders, through the Board of Directors (‘the Board’) said the delivery of the Canal+ offer letter took place after longlasting discussions between Canal+ and MultiChoice but the board says Canal+’s non-binding [……
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