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...Two of the people said that Elliott’s position was relatively small and it was still evaluating whether to build it to a more material holding. Elliott declined to comment....
...One senior technocrat, and life-long ANC supporter, likens the past 30 years to a football match with a strong performance in the first half and a series of own goals in the second....
...Monica Ali chairs the 2024 Women’s Prize for Fiction judging panel and leads a writing masterclass next month; silkroadslippers.com Follow @FTMag to find out about our latest stories first...
...French media conglomerate Vivendi’s Canal+ has made a revised offer to buy South Africa’s MultiChoice at R125 per share, in a deal that values the company at $2.9bn, as it seeks to gain a foothold on the...
...and studios,” the company said in a joint statement with Canal+....
...Elliott offered to buy it for 62 pence a share last month and increased its bid to 67 pence when its initial approach was rejected....
...for a party that only registered in September....
...The emergence of Elliott as an investor comes a week after Scottish Mortgage announced a £1bn share buyback in a bid to support its own stock, which peaked in late 2021 before higher interest rates chilled...
...Elliott’s latest bid for Currys valued the group at around 67p per share, marking an increase from a previous proposal of 62p, or a company value of about £700mn....
...The Speaker of South Africa’s parliament is taking “special leave” and is seeking to avoid arrest over a corruption investigation, two months ahead of a pivotal general election for the country’s governing...
...“It is a challenging market time, but Nigeria has a tendency to come back from the precipice....
...One of the biggest operators of mobile phone towers in the US has loosened a December deal it struck with Elliott Management, now giving the activist less influence in Crown Castle’s management....
...“Zimbabwe has less than a month of reserves, not enough to defend the structured currency,” said economist Tinashe Murapata. “A new currency every five years now seems the norm.”...
...Best’s pursuit of Currys comes after Elliott weighed a couple of other consumer deals last year....
...Why Elliott is stuck in AC Milan’s legal mess When Elliott Management sold AC Milan for a record-breaking €1.2bn in 2022 to private equity group RedBird Capital Partners, it was seen as a coup....
...Outside the heavily barred shopfront of a Somali-run kiosk in Soweto, known as a spaza shop, Siphiwe Tyali, a local resident, said foreign-owned businesses were often attacked....
...Until the takeover interest from Elliott, Currys shares had been in a multiyear decline....
...The new bid from Elliott was pitched at 67 pence a share in cash, up from its first proposal of 62p, the retailer said in a statement....
...The pair had been ordered to appear in court on Friday, a moment that would have opened the possibility of a trial — and for the country a way of showing it is serious about tackling white collar crime....
...Parts of South Africa’s largest city have been without running water for almost a fortnight, a reminder to voters of the parlous state of the country’s infrastructure just two months out from a general election...
...MTN, Africa’s biggest mobile company by subscribers, expects full-year profits to plunge as much as 90 per cent following the sharp devaluation of the Nigerian naira, the group said in a profit warning on...
...An agreement that activist investor Elliott Management struck with a large US telecommunications infrastructure group has been assailed as a “sweetheart deal” by another shareholder in a lawsuit that shines...
...MTN Nigeria said in a separate filing with the Nigerian Stock Exchange on Friday that it recorded a N133.8bn ($83mn) net loss in 2023, despite a 22 per cent jump in revenue from the previous year....
...Most prominently, Elliott was granted two board seats in exchange for dropping a broader proxy fight....
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