• Inside Labour

    Without radical policy change SA's social fabric will continue to fray, says Terry Bell.

  • Long live your gadget

    Real gadget protection tends to cost real money, writes Arthur Goldstuck.

  • Taking SA for a ride

    The ANC seems to think all South Africans are idiots, says Mzwandile Jacks.

Data provided by iNet BFA
Loading...
See More

Times Media green light for Avusa

Aug 16 2012 13:39

Related Articles

Times Media to list on JSE

SACP opposed to Avusa takeover

Avusa diluted earnings fall 36%

Avusa up as UBS raises price target

No job cuts expected at Avusa

PIC not supporting Avusa buyout

 

Cape Town - Times Media Group's (TMG) bid for Avusa [JSE:AVU] has been approved by shareholders, who voted in favour of the deal.

The deal was approved by 78.54% of TMG shareholders at a general meeting of ordinary shareholders on Thursday.

The deal would hopefully pave the way for a turnaround strategy for the underperforming media company, BDLive reported.

Avusa shares gained 4.51% to R22.47 following the vote.

Times Media Group was formerly known as Richtrau, an Mvelaphanda unit with shares in Avusa. The company announced earlier in the year that it would list on the JSE's main board in the media sector on September 10.

 

 - Fin24

 
times media group  |  avusa
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

We're talking about:

Small Business

“Hippie sense makes business sense,” an entrepreneur said, adding that "purpose" was core to success.
 

Money Clinic

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