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General

Masmovil takeover 'seriously damages' shareholder interests - Polygon

Monday 24 August 2020 | 14:35 CET | News
The bid to take over Spanish operator Masmovil launched by three buyout funds "seriously damages" the interests of shareholders and "fails to comply… with the legal regime applicable to takeover bids", according to UK-based investment fund Polygon. In its second letter addressed to Spanish securities market regulator CNMV, Polygon said it continued to fully oppose the terms on which the bid from KKR, Cinven and Providence has been approved by Masmovil's board.

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Categories: General
Companies: Lycamobile / Masmovil
Countries: Spain
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