International firms circling South African companies
- South Africa
- Acquisition, Barloworld, Massmart, Mergers and acquisitions, Multichoice, SENS, Takeover offer
- October 5, 2020
The Companies Act requires public companies to make an announcement whenever a shareholder crosses through a 5% milestone. In other words, if a shareholder held 4,8% and bought more shares today, thereby increasing to a shareholding in the company of 5,4%, the company would need to announce on SENS that this has happened. This is important because it alerts the …
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