An adverse finding by the Takeover Regulation Panel is unlikely to derail Novus Holdings' bid for a controlling stake in Mustek.

The Competition Commission has conditionally approved Novus Holdings' takeover over Mustek.

JSE-listed Mustek, currently the subject of a takeover bid, has reported a 74.3% decline in headline earnings per share.

The Competition Commission has recommended Novus' purchase of Mustek be approved. However, the Takeover Regulation Panel has issued a ruling that may...

Mustek said its poor financial performance was due to economic constraints, lower consumer demand, and its selectiveness in pursuing deals.