• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
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 14
Change 0
% Change -1
Cumulative volume 30513
Market cap 0

Last Updated: 27-05-2016 at 04:49. Prices are delayed by 15 minutes. Source: McGregor BFA

NASPERS LIMITED [JSE:NPN]

Last traded 2270
Change 70
% Change 3
Cumulative volume 1338029
Market cap 0

Last Updated: 27-05-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Caxton posts higher headline earnings

 

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.

 

 
 
 

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
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote

Loading...