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BCX shareholders to vote on Telkom deal

BCX shareholders to vote on Telkom deal

Photo by Bloomberg

11th July 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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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.

Edited by Creamer Media Reporter

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