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Browsing: Mustek
Novus Holdings’ offer to buy out other shareholders in Mustek has hit a fresh regulatory hurdle.
Novus’s bid for control of Mustek has received the go-ahead from the Competition Tribunal, with conditions.
Production is ramping up at the YOA fibre-optic cable factory at Durban’s Dube TradePort, with plans for further expansion.
JSE-listed Mustek, currently the subject of a takeover bid, has reported a 74.3% decline in headline earnings per share.
Technology distributor Mustek has warned shareholders that it expects to report another weak set of financial results.
An adverse finding by the Takeover Regulation Panel is unlikely to derail Novus Holdings’ bid for a controlling stake in Mustek.
Novus Holdings last week surprised investors by announcing it was making a bid to buy technology distributor Mustek.
Novus Holdings is making a bid to acquire JSE-listed technology group Mustek – with backing from top management.
Mustek has acquired a 70% stake of cybersecurity firm CyberAntix from Sizwe IT Group for R20-million.