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Telkom bids ZAR 2.7 billion for BCX
2014-05-22 11:29:00| Telecompaper Headlines
(Telecompaper) South African operator Telkom said that it has made an offer to acquire all of ICT services provider Business Connexion Group (BCX). Under the offer, Telkom will acquire all the BCX share capital for ZAR 6.60 per share, representing a total cash consideration of approximately ZAR 2.7 billion. The offer is fully financed and represents a premium of 22 percent to the weighted average share price of ZAR 5.38 for the 60 trading days prior to BCX's cautionary announcement on 15 April.
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Category:Telecommunications