telecoms concentration


Masmovil Launches Friendly Takeover Bid For 100% Of Euskaltel At €11.17/Share (16.5% Premium)

Intermoney | A statement sent yesterday to the CNMV announced the friendly takeover bid launched by Masmóvil for 100% of Euskaltel’s capital for an amount of €1,995 Mn, equivalent to a price of €11.17/share in cash. The offer price represents a premium of 16.5% over Friday’s closing price, +25.1% over the average price of the last month and +26.8% over the average price of the last six months. Considering the offer already has the support of 52% of the capital, we recommend to accept the tender offer.