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Broadband

Telkom bids ZAR 2.7 billion for BCX

Thursday 22 May 2014 | 11:29 CET | News
South African operator Telkom said that it has made an offer to acquire all of ICT services provider Business Connexion Group (BCX). Under the offer, Telkom will acquire all the BCX share capital for ZAR 6.60 per share, representing a total cash consideration of approximately ZAR 2.7 billion. The offer is fully financed and represents a premium of 22 percent to the weighted average share price of ZAR 5.38 for the 60 trading days prior to BCX's cautionary announcement on 15 April.

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