JSE - Competition Tribunal - Tribunal dismisses Johnnic application with costs
Competition Tribunal
TRIBUNAL DISMISSES JOHNNIC APPLICATION WITH COSTS
The Tribunal today, 23 September 2005 dismissed Johnnic Holdings (Johnnic)
application, with costs, to prevent Hosken Consolidated Investments (HCI) from
implementing a merger with Johnnic.
Johnnic Holdings (Johnnic) sought an order declaring that Hosken Consolidated
Investment (HCI) had implemented a large merger with Johnnic without prior
approval by the competition authorities. Specifically, Johnnic asked the
Tribunal to interdict HCI from implementing the transaction, voting such shares
or acquiring further shares in Johnnic Holdings. HCI opposed the application.
The matter was heard by the Tribunal on 22 September 2005.
Issued by: Jane Sussens
Communications Advisor
Tel: (011) 483 2687
Cell: 082 920 0875
Fax: (011) 483 2686
On Behalf of: Lerato Motaung
Registrar
The Competition Tribunal
Tel: (012) 394 3355
Cell: 082 556 3221
E-Mail: leratom@comptrib.co.za
Date: 23/09/2005 05:03:14 PM
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