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Broadband

BCX shareholders approve Telkom deal

Tuesday 12 August 2014 | 09:48 CET | News
Shareholders in Business Connexion (BCX) voted in favour of the merger with Telkom on 11 August. BCX said shareholders approved all of the resolutions as set out in the notice convening the general meeting without modification and by the requisite majority of votes. The purchase includes the entire issued ordinary share capital of BCX, but excludes the BCX ordinary shares held by Business Connexion as treasury shares. Telkom will ordinary shareholders a cash consideration of ZAR 6.60 per ordinary scheme share.

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Categories: Fixed
Companies: Business Connexion / Telkom
Countries: South Africa
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