MTN deal on track

[rpm]

MTN deal on track

The Competition Tribunal on Tuesday dismissed with costs the application by the Huge Group (HUG) to intervene and participate in the merger proceedings between MTN and iTalk Cellular.

 

[Pitbull]

MTN deal on track

bwahahahahaha

nice try I guess

 

[tjunyat]

Are both this article and the previous one about MTN/iTalk http://mybroadband.co.za/news/Cellular/6281.html incorrect when it comes to the amount of shares MTN are planning on buying? 59% vs 51%?

From the mentioned article above:

Huge saw its own R511m bid for iTalk thwarted by a rival bid from MTN, which holds 49% of iTalk and has a pre-emptive right to buy the rest.

This this article and the other:

The Competition Commission has assessed MTN’s proposal to acquire the remaining 59% of iTalk