MultiChoice Group Limited (MCHOY)
| Previous Close | 6.06 |
| Open | 6.17 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 6.17 - 6.17 |
| 52 Week Range | 3.48 - 6.62 |
| Volume | |
| Avg. Volume | 2,998 |
| Market Cap | 2.642B |
| Beta (5Y Monthly) | 0.44 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.56 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Sept 08, 2022 |
| 1y Target Est | N/A |
ReutersCanal+ raises buyout offer for South Africa's MultiChoice
JOHANNESBURG (Reuters) -French media group Vivendi's Canal+ has raised its offer to buy all the shares of South Africa's MultiChoice that it does not already own, the companies said. Canal+, the biggest shareholder in MultiChoice, will offer 125 rand per share, valuing the pending shares at about 33.7 billion rand ($1.77 billion) according to Reuters calculations, after its previous offer of 105 rand was rejected last month. Maxime Saada, chairman and CEO of Canal+, told Reuters on Tuesday that the French company had engaged with the board of Africa's biggest pay-TV company to determine a reasonable price that would lead them to resume talks.
ReutersCanal Plus must make offer to MultiChoice shareholders, says S.Africa regulator
South Africa's takeover panel has ruled that French media company Groupe Canal+ SA is required to make a mandatory offer immediately to buy shares of pay-TV company MultiChoice that it does not already own, MultiChoice said on Wednesday. It held a 31.67% stake at the time which rose to 35.01% shortly afterwards, topping a 35% threshold where a mandatory offer is required. Its offer of 105 rand per share was rejected by the board of MultiChoice, saying it significantly undervalued the group.
