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General

TDC formally confirms recommendation of Macquarie deal and withdraws support for MTG merger

Friday 2 March 2018 | 12:05 CET | News
Modern Times Group (MTG) said it has taken note of TDC's announcement that its board of directors has withdrawn, as it said it would, its recommendation of the combination of TDC with MTG Nordic Entertainment and MTG Studios). TDC will no longer propose the MTG deal to its shareholders. TDC has formally confirmed that it is recommending that its shareholders should accept the DKK 50.25 per share offer made to TDC by DK-Telekommunikation, which is a consortium of pension companies PFA, PKA, ATP, and Macquarie Infrastructure and Real Assets

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Categories: Broadcast & Satellite / General
Companies: Macquarie / Modern Times Group / TDC
Countries: Denmark / Sweden
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