• M2M money train

    SA's biggest mobile operators have found a new revenue stream, says Gugu Lourie.

  • Customers as experts

    Some M4Jam micro jobbers are now helping others to refine their ability to make money.

  • Sticking it to Sanral

    The time is now for citizen-centric leadership to stop the road to ruin, says Mandi Smallhorne.

Data provided by iNet BFA
Loading...
See More

Gold Reef surges on merger approval

Feb 11 2011 13:12 Reuters & I-Net Bridge

Company Data

TSOGO SUN HOLDINGS LIMITED [JSE:TSH]

Last traded 25.95
Change -0.55
% Change -0.02
Cumulative volume 2564842
Market cap 30.69bn

Last Updated: 20/08/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

More nods for Gold Reef, Tsogo merger

Further nod for Gold Reef, Tsogo merger

Hearing on Tsogo, Gold Reef merger

Casino merger hearings postponed

Consumers squeezed by All Gold re-sizing

Gauteng gamblers coin it

 
Johannesburg - Shares of Gold Reef Resorts [JSE:GDF] jumped more than 5% after the competition watchdog unconditionally approved the casino operator's R21bn merger with rival Tsogo Sun Holdings.

There had been concern that Gold Reef would have to sell its Silverstar Casino assets to do the deal, but the Competition Tribunal said on Friday it had approved the bid without conditions.

Shares of Gold Reef were up 5.6% at R17.75 in mid-morning trade.

The decision followed an eight-day hearing in which the Competition Commission recommended the approval of the deal, subject to the  merged entity selling off Silverstar Casino to maintain competition in the Gauteng casino gaming market.

Tsogo and Gold Reef, however, argued that competition would not be lessened by the merger and so it was not necessary to divest from
Silverstar.

gold reef resorts
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

Expanding your business requires capital and banks have stringent lending criteria in place.
 

Money Clinic

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