CAXTON"S APPLICATION TO INTERDICT NASPERS FROM BUYING OUT MINORITY SHAREHOLDERS
IN MNET AND SUPERSPORT DISMISSED WITH COSTS
The Competition Tribunal today, 24 March 2004 dismissed with costs Caxton and
CTP Publishers and Printers Ltd application to the Competition Tribunal to
interdict Naspers Ltd from buying out minority shareholders in Electronic Media
Network Ltd (MNet) and Supersport International Holdings (Supersport) and to
declare the transaction a notifiable merger in terms of the Competition Act.
Naspers claimed that the transaction is not a notifiable merger because it does
not constitute a change in control. The matter was heard on Friday 19 March
2004.
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