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Gold Reef shares extend gain

Feb 14 2011 11:59
Reuters

Company Data

TSOGO SUN HOLDINGS LIMITED [JSE:TSH]

Last traded 21
Change 0
% Change 0
Cumulative volume 1855162
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Shares of Gold Reef Resorts [JSE:GDF] have jumped 3.6% to R18.60, adding to a 6.9% gain on Friday, when competition authorities said the casino company would not have to sell a major asset before a planned merger.

South Africa’s antitrust investigator initially recommended that Gold Reef sell its Silverstar Casino before merging with unlisted Tsogo Sun.

However, the Competition Tribunal, which decides on such recommendations, on Friday granted the deal unconditional approval. 

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