I read on the news that the Indian company is a family business of which two brothers are involved. The other brother is putting his foot down that his permission is required before ANY family business shares can be sold!!!! There you have it, everyone was "spooked"!!! That's when I went short on it. Check news24.co.za
Simps you are right about the family fued within Reliance. Being Indian and following the Reliance business for many years, its unlikely that this deal will go thru'. Well, unless their mother makes a decision on it (She basically split the company after their father died). Anyway, back to MTN, then have a sound business (even though the HR sucks and ppl within the business can't wait for newshelf to mature before getting out of the company. Phuthuma is a dealer maker more than a business man, so MTN will get to R200 - apparently that's the price he's prepared to exit at. So buy MTN if you wanna make money!