Protea Capital Management’s Richard Cheeseman's advice for MultiChoice investors following Canal+ buy-out offer

[mylesillidge]

What MultiChoice investors should consider after Canal+'s huge buy-out offer

MultiChoice’s share price jumped by around 25% yesterday after Canal+ announced its intention to buy the company, but a lot of uncertainty remains on whether this deal will go through.

Protea Capital Management senior investment analyst Richard Cheeseman told Daily Investor that this share price reaction is normal following an announcement like this.

 

[Swa]

Sell and run. Share price will just go down and MC has made such a mess of Dstv that they can get it quite cheaply.