Novus ordered to pay more for Mustek
The Takeover Regulation Panel (TRP) has ordered Novus Holdings to increase its mandatory offer price for Mustek from R13 per share to R15.41 per share.
In a statement published on the Johannesburg Stock Exchange News Service on Tuesday afternoon, the regulator delivered a scathing ruling against Novus’s conduct in its takeover of Mustek.
The Takeover Regulation Panel (TRP) has ordered Novus Holdings to increase its mandatory offer price for Mustek from R13 per share to R15.41 per share.
In a statement published on the Johannesburg Stock Exchange News Service on Tuesday afternoon, the regulator delivered a scathing ruling against Novus’s conduct in its takeover of Mustek.