TDC Accepts $6.7b Takeover Offer
TDC Accepts $6.7b Takeover Offer

TDC Accepts $6.7b Takeover Offer

TDC Accepts $6.7b Takeover Offer

Danish telecoms company TDC has received a $6.65 billion takeover offer for all its shares from Australia’s Macquarie and three Danish pension funds and recommended that shareholders accept the offer, Reuters reported. “After careful review of our options, the board of directors of TDC believes that the consortium’s offer represents both the most compelling value and the highest transaction certainty benefiting the TDC shareholders,” TDC Chairman Pierre Danon said in a statement. As a consequence, TDC will recommend that its own planned $2.5 billion takeover of Swedish MTG’s broadcasting and entertainment business is abandoned. That deal was announced less than two weeks ago. The takeover offer of 50.25 krone ($8.27) per share is subject to the merger between TDC and MTG not being approved by TDC, the consortium said in a separate statement. The new bid remains far from the TDC stock’s all-time high price of 152.8 krone recorded in March 2000. Shares in TDC jumped after the latest statement and traded 13.2% higher at 49.42 krone by 1355 GMT.


Short URL : https://goo.gl/p49qqr
  1. https://goo.gl/CwraCR
  • https://goo.gl/T7Tb7W
  • https://goo.gl/JKmJqG
  • https://goo.gl/uYPWxx
  • https://goo.gl/TAAFBT

You can also read ...

While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...

Add new comment

Read our comment policy before posting your viewpoints