Telefónica launches delisting takeover bid for the 5.65% stake in Telefónica Deutschland it failed to secure in previous bid
Norbolsa | Telefónica (TEF) has launched a delisting tender offer to acquire the shares of Telefónica Deutschland that are not owned by Telefónica representing approximately 5.65% of the share capital and voting rights. The delisting offer will be formulated as a tender offer and will not be subject to any conditions. The offered price per share is €2.35, which is an attractive price that yesterday closed at €2.34/share. Upon delisting,…