(CercleFinance.com) – The analysis office confirms its purchase advice on the stock with an unchanged price target of E15.5, which represents an upside potential of 55%.
‘Canal+ announced that it had concluded a cooperation agreement with Multichoice Group and will offer 125 ZAR/shr’ underlines UBS.
The media and entertainment group says it is confident about the success of the offer, the price of which well exceeds the minimum required by regulation, which is approximately 105 rand.
Canal+ underlines that MultiChoice shareholders will thus be able to benefit from a premium of 66.66% compared to the closing price of 75 rands on February 1, that is to say before the announcement of its non-indicative offer. -binding.
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