Primedia receives takeover offer

South African media group Primedia has received a takeover offer of R6 billion from a consortium, led by the Mineworkers Investment Company (MIC) and Primedia's chief executive William Kirsh. Primedia's two largest institutional shareholders have undertaken to vote in favour of any offer, which is expected at the end of April. - Staff Reporter with I-Net Bridge

South African media group Primedia has received a takeover offer of R6 billion from a consortium, led by the Mineworkers Investment Company (MIC) and Primedia's chief executive William Kirsh. Primedia's two largest institutional shareholders have undertaken to vote in favour of any offer, which is expected at the end of April. - Staff Reporter with I-Net Bridge

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