Photo by: Bloomberg
Telecommunication giant Telkom’s R2.67-billion bid for JSE-listed Business Connexion (BCX) resumed on Friday as a date for the shareholder vote was set.
A general shareholder meeting would be held at BCX’s offices in Midrand on August 11.
Following the death of the information and communications technology service provider’s CEO, Benjamin Mophatlane, a month ago, the Takeover Regulation Panel granted the parties an extension until July 11 to convene a shareholder meeting seeking approval for the deal.
Last month, Telkom CEO Sipho Maseko said talks were suspended for a month to give the industry and stakeholders space to grieve.
Maseko and his team were meeting with Mophatlane when he suffered a heart attack.