(Reuters) - South Africa's Edcon said on Monday that the Securities Regulation Panel dismissed a complaint by Templeton Asset Management that private equity firm Bain Capital's proposed 25 billion rand buyout was too low.
Fashion retailer Edgars Consolidated Stores Ltd (Edcon) said the SRP told Templeton's lawyers the commercial evaluation of the schemes under which the buyout offer was progressing was a matter for shareholders and not for the panel.
Read more at Reuters Africa
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