Canal+ continues its share acquisition spree at Multichoice
- Canal+ acquires an additional 3,374,668 shares in MultiChoice, increasing its stake to 41.59%.
- Canal+'s previous acquisitions were at a discount, but the recent shares were priced between R115.99 and R117.59.
- Concerns arise that Canal+ may trigger a merger if it crosses the 50% shareholding threshold.
The increasing stake of Canal+ in MultiChoice raises concerns about a potential merger if it surpasses the 50% shareholding threshold. The recent acquisitions at higher prices indicate a shift in the pricing strategy. The resignation of Imtiaz Patel amidst leadership changes suggests a significant impact on MultiChoice's management.
