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Avusa klaps Capitau call

NEWSWATCH: Avusa has rejected a request for an indefinite extension from the Capitau-led consortium aiming to buy all of the media company's shares, reports Business Day. Meanwhile, IOL reports that Jacaranda's management has distanced itself from Darren Scott's racial slur, terming it "indefensible".

9 Sep 2011

Avusa klaps Capitau call

For more:

Business Day: Avusa rejects Capitau extension request... Apparently the consortium failed to submit a firm offer within the agreed deadline; the deal valued Avusa at about R3 billion. See also Politicsweb's Capitau unable to make firm offer - Avusa and Business Day's Treasury delays Capitau offer for Avusa.
IOL: Darren Scott's racial slur 'indefensible'... So we suppose one could say that Jacaranda is "Scott-free", right?

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