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October 15, 2008
Deadlock over Meeg takeover
AN OUT-of-court settlement attempt between Absa and opponents of the Meeg Bank takeover has reached deadlock after stakeholders failed to agree at a closed meeting last month.
The out-of-court meetings between the Black Management Forum (BMF), National African Federated Chamber of Commerce and Industry (Nafcoc) and Absa Bank took place after the controversial Meeg Bank takeover bid was put on ice by the Grahamstown High Court in August.
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Posted by StaffWriter at October 15, 2008 7:08 AM