Sens announcement for ARCELORMITTAL SOUTH AFRICA LIMITED – ACL – No change Statement, Notice of AGM, Annual Financial Statements, Integrated Report and ESG Report - SENS
The fightback campaign by minority shareholders and activists against sugar giant Tongaat Hulett’s rights issue has suffered a grave setback after the JSE Takeover Regulation Panel found against their objections, setting the stage for the takeover of the company by Zimbabwe’s controversial.
A substantial group of shareholders opposed to the takeover of Tongaat Hulett by the Zimbabwean Rudland family are attempting a last-ditch manoeuvre to halt the deal, appealing to the DTI’s Takeover Regulation Panel.