M&A Africa: Business Connexion And Telkom Merger On Track
From IT Web Africa
Business Connexion (BCX) has revealed that Telkom has made an offer to acquire the entire share capital of BCX by way of a scheme of arrangement.
According to BCX, the Long-Stop Date has been extended from 31 March 2015, to 30 April 2015 in order to extend the time available for the completion of the regulatory approval processes.
BCX and Telkom are currently awaiting regulatory approvals.
Read more at IT Web Africa