• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

Loading...
See More

Caxton wants merger decision reversed

May 30 2011 16:10 Sapa

Company Data

CAXTON CTP PUBLISHERS & PRINTERS LD [JSE:CAT]

Last traded 18
Change 0
% Change 0
Cumulative volume 31106
Market cap 0

Last Updated: 17-04-2015 at 04:47. Prices are delayed by 15 minutes. Source: McGregor BFA

NASPERS LIMITED [JSE:NPN]

Last traded 1834
Change -101
% Change -5
Cumulative volume 1245666
Market cap 0

Last Updated: 17-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Icasa rules against Caxton

Caxton posts higher headline earnings

ElementOne denies Caxton claims

Investor drags Caxton to court

Investor drags Caxton to court

Caxton suffers 'disastrous' hedge loss

ElementOne, Caxton won't reach deal

 

Johannesburg - The Competition Tribunal will on Tuesday hear an application by Caxton and CTP Publishers and Printers [JSE:CAT] to review the unconditional approval of a merger between Paarl Media and Primedia@Home.

"Tomorrow at 10am, (the) Competition Tribunal will hear an application, by Caxton, to review an earlier decision of the Competition Commission in which the Commission unconditionally approved a merger between Paarl Media and Primedia (Primedia@Home)," the tribunal said on Monday.

Caxton wants the decision reversed and the merger prohibited.

Paarl Media falls under the Naspers [JSE:NPN] group of companies, while Primedia@Home is controlled by Media24.

In February, the Paarl Media Group said it had successfully acquired Primedia@Home, a direct-to-home advertising distributor.

Caxton said it raised concerns, during the Commission's investigation, that it would be negatively affected by the merger.

It claimed the Commission did not properly take these and other factors into account in reaching its decision.

The Commission has disputed Caxton's review grounds and argued that it conducted a thorough investigation and correctly analysed all relevant information and properly reached its conclusion.

Paarl Media and Primedia@Home have objected to Caxton's review application.

* Fin24 is a Naspers publication.

 

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

WIN!
Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht
Habits of the world’s richest people

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...