Thursday, May 31, 2007

S.African Telkom, BCX extend date for takeover conditions

(Reuters) - South African fixed line telephone group Telkom and its takeover target Business Connexion have extended the date for meeting conditions for the acquisition to July 1 from May 31, the companies said on Thursday.

Hearings over Telkom's planned 2.43 billion rand acquisition of the IT outsourcing firm began at the Competition Tribunal on March 12 and are currently in progress.


Read more at Reuters Africa

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