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Johannesburg - Kagiso Media [JSE:KGM] on Friday announced its offer to acquire 100% of the shares in the Juta Group had been accepted by the shareholders of Juta.
In December, the media company announced a firm intention to acquire the Juta Group, including Juta & Company, Juta Investments and Imfundo Investments for the sum of R300m, representing a consideration of R9.24 for each Juta & Co share.
The acquisition is subject to the Takeover Regulation Panel and the Competition Commission, Competition Tribunal and/or Competition Appeal Court.
In December, the media company announced a firm intention to acquire the Juta Group, including Juta & Company, Juta Investments and Imfundo Investments for the sum of R300m, representing a consideration of R9.24 for each Juta & Co share.
The acquisition is subject to the Takeover Regulation Panel and the Competition Commission, Competition Tribunal and/or Competition Appeal Court.
