Articles about Takeover Regulation Panel

Novus wins High Court appeal against TRP over Mustek deal

An order has been granted by the High Court, declaring the Takeover Regulation Panel ruling against the deal as unlawful and unconstitutional.

Court showdown looms over Mustek-Novus acquisition

Novus files an urgent High Court application to set aside the TRP’s ruling on the Mustek deal on the grounds it is unlawful and unconstitutional.

Takeover Regulation Panel scuppers Novus’s Mustek bid

The print, publishing and packaging manufacturing firm is directed to publish a revised firm intention for Mustek within 20 business days.

Novus offers to buy ICT distributor Mustek

The firm tables R13 for each Mustek share, R7 plus one ordinary share in Novus for each Mustek share and two Novus shares for each Mustek share.

Canal+ R30bn bid for MultiChoice forges ahead

The firms issue a circular to shareholders regarding the mandatory offer by Canal+ to acquire MultiChoice shares it does not own, for R125 per share.

Canal+ buys more MultiChoice shares

The French-based media giant Canal+ has bumped up its shareholding in the South African video entertainment group to 40.01%.

Canal+ makes headway in MultiChoice buyout

MultiChoice and Canal+ enter into a cooperation agreement regarding the French-based media giant’s proposed mandatory offer.

Canal+ sweetens MultiChoice offer to R125 per share

The French media giant agrees to make its mandatory offer at a cash consideration of R125 per MultiChoice ordinary share.

Ball in Canal+’s court to make MultiChoice buyout offer

The French media giant is ordered to make a “mandatory offer immediately” for MultiChoice shares it does not already own.

MTN sends letter to Telkom about dance with Rain

As the race to buy Telkom hots up, MTN issued a statement to shareholders about Rain’s non-binding tie-up proposal.

Rain backs down on Telkom merger proposal

The company has been forced to retract its announcement asking to make a formal request for a merger with Telkom.

Rain’s Telkom merger announcement declared illegal

The Takeover Regulation Panel expresses “grave” concerns over Rain’s potential offer to merge with Telkom, saying it was issued without the required prior approval.