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LML4806 Assignment 2 Semester 1 Memo | Due April 2026. All questions fully answered. Question 1
1. At a shareholders’ meeting to consider the Transaction, 84% of the shareholders of Buffalo
Haulage Ltd approved the Transaction proposed by the board. However, certain shareholders
who hold 16% of the general voting rights in Buffalo Haulage Ltd, voted against the Transaction
as they are dissatisfied with the strategic rationale for the Transaction and the cash
consideration of R10.00 per share, which they believe is unfair to them.
1.1. Identify the type of transaction that is contemplated in the scenario above and explain
whether the companies that are involved in this transaction are regulated companies for
purposes of the Companies Act 71 of 2008.
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