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General

Media Capital suggests Meo could offer more

Monday 14 August 2017 | 10:51 CET | News
Portuguese broadcaster Media Capital has termed Meo's public bid for the company "adequate", while suggesting the price could be increased. The company released a statement to the stock market following a board meeting to discuss the offer and said the strategy proposed by Meo makes sense. The price is in line with regulatory requirements, offering the highest price achieved by Media Capital's stock in the six months prior to the bid announcement. However, the board said they did see room for an eventual increase in the price, without outlining the reasoning behind this.

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Categories: General
Companies: Altice Europe / Meo
Countries: Portugal
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