Daisy extends LBO deadline until 22 September

Friday 12 September 2014 | 09:08 CET | News
UK business communications provider Daisy has extended that the deadline for its potential GBP 500 million takeover by a consortium led by CEO Matthew Riley has been extended by 12 days to 22 September. The extension is intended to provide Penta Capital and Toscafund Asset Management with enough time to complete due diligence and submit their GBP 1.90 per share offer formally. Riley and Toscafund each own 23 percent of Daisy.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: Daisy Telecoms
Countries: United Kingdom
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Daisy accepts LBO valuing company at GBP 494 million

Published 20 Oct 2014 11:19 CET | United Kingdom
UK business operator Daisy's independent directors have an accepted a leveraged buyout offer from CEO Mathew Riley, Toscafund ...

Daisy CEO, partners cut potential bid to GBP 1.85/share

Published 19 Oct 2014 16:11 CET | United Kingdom
UK business operator Daisy's CEO Matthew Riley, Toscafund and Penta Capital have informed the company's independent directors ...

Daisy extends deadline for LBO until 20 October

Published 06 Oct 2014 10:38 CET | United Kingdom
UK business operator Daisy has again extended the deadline to receive a firm takeover bid from Toscafund Asset Management, Penta ...

Daisy extends LBO deadline again

Published 23 Sep 2014 08:39 CET | United Kingdom
UK business communications provider Daisy has extended the deadline for CEO Matthew Riley, Toscafund Asset Management and Penta ...

Daisy Updata wins contract for Kent public services network

Published 18 Aug 2014 16:01 CET | United Kingdom
Daisy Updata Communications (DUCL) has been awarded a six-year contract to manage a shared network for public services in Kent. ...

Daisy Group confirms preliminary takeover approach

Published 13 Aug 2014 10:40 CET | United Kingdom
UK business communications provider Daisy Group has received a preliminary approach relating to a possible offer for the company ...

City watchdog investigates Daisy shareholders - report

Published 25 Jun 2014 21:57 CET | United Kingdom
The City's Takeover Panel has opened a secret investigation into whether Invesco Perpetual and Oakley Capital have been colluding ...

Daisy Group reports full-year revenue of GBP 352.7 million

Published 17 Jun 2014 11:04 CET | United Kingdom
UK business communications provider Daisy Group has reported revenue of GBP 352.7 million for the year to 31 March, up 0.3 ...

Daisy Group monitors acquisition opportunities

Published 10 Apr 2014 11:15 CET | United Kingdom
Daisy Group, UK provider of business communication and IT services, has confirmed that revenues and adjusted EBITDA for the year ...

Liberty Global in takeover talks with Daisy Group - report

Published 14 Mar 2014 12:07 CET | United Kingdom
Liberty Global has held secret talks about a GBP 500 million-plus acquisition of UK IT supplier Daisy Group, Sky News has ...

Daisy delivers professional services to Virgin Media

Published 03 Feb 2014 20:45 CET | United Kingdom
UK business communications and IT services provider Daisy Group has signed a 5-year framework agreement with Virgin Media to ...

Calendar   /   Industry Events

25 Jan Ericsson Q4 2021
25 Jan Verizon Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan F5 fiscal Q1
25 Jan Uniti Group Q4
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Crown Castle Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan MTN Nigeria Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Elisa Q4 2021
27 Jan Comcast Q4 2021
27 Jan Samsung Electronics Q4 2021
27 Jan Apple fiscal Q1
27 Jan FCC meeting
28 Jan SK Hynix Q4
28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
28 Jan Charter Communications Q4
::: More Calendar Items