MultiChoice expectedly turns down $2.5 billion offer from Canal+
- MultiChoice has rejected an acquisition offer from Canal+.
- Canal+ has been increasing its stake in MultiChoice since 2020.
- If Canal+ acquires a stake of more than 35%, it would be required to make a mandatory offer to MultiChoice shareholders.
The rejection of the acquisition offer by MultiChoice indicates that the company believes it is undervalued and has strong future prospects. However, Canal+ is unlikely to give up its pursuit of MultiChoice, considering its ongoing efforts to increase its stake in the company. This situation could lead to further developments and potential negotiations between the two parties.
