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Odey Asset Management rejects Sky Deutschland buyout bid

Thursday 31 July 2014 | 09:37 CET | News
Odey Asset Management considers British Sky Broadcasting Group's (BSkyB's) offer to buy out Sky Deutschland investors at EUR 6.75 per share is too low and it will not sell without a premium, Bloomberg reported. The bid significantly understates the value of the company, Odey Asset Management said, and it does not intend to tender its shares in this proposed offer.

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Categories: Broadcast & Satellite
Companies: British Sky Broadcasting / BSkyB / Sky Deutschland / Sky Italia
Countries: Germany
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