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General

Over 94% of Jazztel shareholders accept Orange offer

Friday 26 June 2015 | 13:47 CET | News
The Spanish National Securities Market Commission (CNMV) has announced that shareholders representing 94.75 per cent of Spanish operator Jazztel's total share capital have accepted Orange's offer of EUR 13 per share. This represents a EUR 3.18 billion disbursement for Orange, which expects to settle on 1 July. The squeeze-out conditions, as detailed in Orange's tender offer prospectus, have therefore been met and Orange has decided to exercise these rights, enabling it to acquire the remaining 5.25 per cent of Jazztel's share capital at a price of EUR 13 per share, the same price as the

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Categories: General
Companies: Jazztel / Orange
Countries: Spain
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