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Massmart - Update on Moresport Acquisition

Release Date: 10/04/2006 16:27
Code(s): MSM
Wrap Text

Massmart - Update on Moresport Acquisition Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1940/014066/06) (Share code: MSM) (ISIN: ZAE000029534) ("Massmart" or "the Company") Update on Moresport Acquisition Shareholders are advised that the proposed offer by Massmart to acquire 84.12% of the shares of Moresport (Proprietary) Limited ("Moresport") was prohibited by the Competition Tribunal on the 10th of April 2006. The Tribunal is obliged to hand down the reasons for its decision within twenty business days at which time the parties will consider and announce any further action. 10 April 2006 Johannesburg Sponsor to Massmart: Deutsche Securities (SA) (Proprietary) Limited Date: 10/04/2006 04:28:03 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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