MultiChoice and Canal+ Finally Pens Buyout Deal

MultiChoice and Canal+ finally pens buyout deal. Remember that MultiChoice has been in a lockhead with Canal+ to buy its remaining shares in the company. Well, it seems that finally, things are looking really good, as the deal is now set to be finalized.

MultiChoice and Canal+ Pens Buyout Deal

MultiChoice and Canal+ Pens Buyout Deal

Yesterday, MultiChoice, a pay-TV giant listed on the Johannesburg Stock Exchange (JSE), revealed to its investors about partnering with Canal+ for a mandatory offer the French media giant has to make to them.

Canal+ acquired over 35% of MultiChoice’s shares earlier in 2024, triggering a mandatory offer under South African rules. Recent reports indicate that Canal+ has been acquiring even more MultiChoice shares, now holding a 36.6% stake in the company.

Details of the Deal Between The Two Companies

Under the deal between the two giants, they will collaborate to streamline the offer process and release a combined offer circular.

In March, the South African Takeover Regulation Panel set the minimum offer price at R105 per share, but Canal+ is surpassing that with a new offer of R125 per share.

Initially, the takeover was supposed to be completed by April 8, but the deadline might change with approval from the South African Takeover Regulation Panel.

MultiChoice’s Move to Ensure Fairness in the Deal

To ensure fairness, MultiChoice established an independent board and engaged Standard Bank of South Africa Limited to review the offer terms.

What Will Happen If the Deal Goes Through

If the deal goes through, MultiChoice might be delisted from the JSE by Canal+. However, Canal+ suggests that South African investors might still have an opportunity to participate if they proceed with their planned European listing and offer a secondary inward listing on the JSE.



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