LML4806 Assignment 2 (COMPLETE ANSWERS) Semester 1 2026 - DUE April
2026; Mahamba Logistics Ltd and Buffalo Haulage Ltd have concluded an
agreement in terms of which Mahamba Logistics Ltd will acquire and hold all
the assets and liabilities of Buffalo Haulage Ltd for R300 million (the
“Transaction”). The material terms of the Transaction include that Mahamba
Logistics Ltd will pay the shareholders of Buffalo Haulage Ltd a cash
consideration of R10.00 for each Buffalo Haulage Ltd share held and that,
pursuant to the implementation of the Transaction, Buffalo Haulage Ltd will
be deregistered. 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.
Mahamba Logistics Ltd and Buffalo Haulage Ltd ARE PUBLIC COMPANIES 1.2
With reference to the Companies Act 71 of 2008 and the facts provided,
advise the shareholders of Buffalo Haulage Ltd who voted against the
resolution to approve the Transaction on whether they may seek court
intervention to stop the company from implementing the Transaction.
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. Advise
the employees of Cape Aircraft Services (Pty) Ltd whether the terms and
conditions of their employment may be changed during the business rescue
proceedings. 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. With reference to the Companies Act 71 of 2008 and the facts
provided, advise the shareholders of Buffalo Haulage Ltd who voted against
the resolution to approve the Transaction on whether they may seek court
intervention to stop the company from implementing the Transaction.
LML4806 – MERGERS & ACQUISITIONS
LAW
, Title:
LML4806 Assignment 2 – Corporate Transactions, Shareholder Rights & Companies Act
71 of 2008 (2026)
Module: LML4806 – Corporate & Commercial Law
Institution: UNISA
Study Year: 2026
Document Type: Complete Assignment Answers with Legal Analysis
Description:
This document contains detailed, trusted solutions to LML4806 Assignment 2. It addresses a
corporate transaction where Mahamba Logistics Ltd acquires Buffalo Haulage Ltd, including the
relevant Companies Act 71 of 2008 provisions, shareholder remedies, regulation of public
companies, and employee rights during business rescue proceedings.
Tags (7+):
LML4806, Assignment 2, Mergers & Acquisitions, Companies Act 71 of 2008, Corporate Law,
Shareholder Rights, Business Rescue, Public Companies, UNISA 2026
TABLE OF CONTENTS
1. Introduction
2. Identification of the Transaction Type
3. Regulated Companies under the Companies Act 71 of 2008
4. Shareholders’ Rights to Court Intervention
5. Employee Rights During Business Rescue Proceedings
6. Legal Analysis of the Cash Consideration Issue
7. Conclusion
1. INTRODUCTION
This assignment evaluates a corporate transaction in which Mahamba Logistics Ltd acquires all
assets and liabilities of Buffalo Haulage Ltd for R300 million. The scenario involves a
merger/acquisition, approval by shareholders, minority shareholder dissent, and issues arising
under the Companies Act 71 of 2008 (“the Act”). The analysis covers:
The type of transaction and its legal implications
Shareholder remedies when they disagree with the transaction
2026; Mahamba Logistics Ltd and Buffalo Haulage Ltd have concluded an
agreement in terms of which Mahamba Logistics Ltd will acquire and hold all
the assets and liabilities of Buffalo Haulage Ltd for R300 million (the
“Transaction”). The material terms of the Transaction include that Mahamba
Logistics Ltd will pay the shareholders of Buffalo Haulage Ltd a cash
consideration of R10.00 for each Buffalo Haulage Ltd share held and that,
pursuant to the implementation of the Transaction, Buffalo Haulage Ltd will
be deregistered. 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.
Mahamba Logistics Ltd and Buffalo Haulage Ltd ARE PUBLIC COMPANIES 1.2
With reference to the Companies Act 71 of 2008 and the facts provided,
advise the shareholders of Buffalo Haulage Ltd who voted against the
resolution to approve the Transaction on whether they may seek court
intervention to stop the company from implementing the Transaction.
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. Advise
the employees of Cape Aircraft Services (Pty) Ltd whether the terms and
conditions of their employment may be changed during the business rescue
proceedings. 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. With reference to the Companies Act 71 of 2008 and the facts
provided, advise the shareholders of Buffalo Haulage Ltd who voted against
the resolution to approve the Transaction on whether they may seek court
intervention to stop the company from implementing the Transaction.
LML4806 – MERGERS & ACQUISITIONS
LAW
, Title:
LML4806 Assignment 2 – Corporate Transactions, Shareholder Rights & Companies Act
71 of 2008 (2026)
Module: LML4806 – Corporate & Commercial Law
Institution: UNISA
Study Year: 2026
Document Type: Complete Assignment Answers with Legal Analysis
Description:
This document contains detailed, trusted solutions to LML4806 Assignment 2. It addresses a
corporate transaction where Mahamba Logistics Ltd acquires Buffalo Haulage Ltd, including the
relevant Companies Act 71 of 2008 provisions, shareholder remedies, regulation of public
companies, and employee rights during business rescue proceedings.
Tags (7+):
LML4806, Assignment 2, Mergers & Acquisitions, Companies Act 71 of 2008, Corporate Law,
Shareholder Rights, Business Rescue, Public Companies, UNISA 2026
TABLE OF CONTENTS
1. Introduction
2. Identification of the Transaction Type
3. Regulated Companies under the Companies Act 71 of 2008
4. Shareholders’ Rights to Court Intervention
5. Employee Rights During Business Rescue Proceedings
6. Legal Analysis of the Cash Consideration Issue
7. Conclusion
1. INTRODUCTION
This assignment evaluates a corporate transaction in which Mahamba Logistics Ltd acquires all
assets and liabilities of Buffalo Haulage Ltd for R300 million. The scenario involves a
merger/acquisition, approval by shareholders, minority shareholder dissent, and issues arising
under the Companies Act 71 of 2008 (“the Act”). The analysis covers:
The type of transaction and its legal implications
Shareholder remedies when they disagree with the transaction
