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TalkTalk share price surges 16% on takeover offer by Toscafund
2020-10-08 10:30:44| BBC News | Business | UK Edition
The bid offer from investment firm Toscafund values the telecoms firm at 1.1bn.
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TalkTalk enters talks with Toscafund on takeover offer
2020-10-08 10:17:00| Telecompaper Headlines
(Telecompaper) UK telecoms provider TalkTalk has received a preliminary and non-binding proposal from funds advised by Toscafund Asset Management (TAM) regarding a possible cash offer for the company at GBP 0.97 per share. This comes after reports in the summer that TalkTalk previously rejected a takeover offer worth GBP 1.35 per share from Toscafund in 2019.
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TalkTalk takeover? Tosafund makes 1.1bn bid
2020-10-08 02:00:00| Total Telecom industry news
TalkTalk have today confirmed that a £1.1 billion takeover proposal has been made by London-based hedge fund, Toscafund Asset Management. The deal offers to buy the business in full for 97 pence per share, a 16% premium on TalkTalk’s closing share price on Wednesday. “The board has considered the terms of the proposal and has agreed to progress the proposal further with TAM (Toscafund Asset Management) along with taking advice from the company&rsquo…read more on TotalTele.com »
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TalkTalk takeover? Toscafund makes 1.1bn bid
2020-10-08 02:00:00| Total Telecom industry news
TalkTalk have today confirmed that a £1.1 billion takeover proposal has been made by London-based hedge fund, Toscafund Asset Management. The deal offers to buy the business in full for 97 pence per share, a 16% premium on TalkTalk’s closing share price on Wednesday. “The board has considered the terms of the proposal and has agreed to progress the proposal further with TAM (Toscafund Asset Management) along with taking advice from the company&rsquo…read more on TotalTele.com »
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takeover bid
UK broadband bills set to rise and Openreachs dominance is to blame, says TalkTalk
2020-10-07 02:00:00| Total Telecom industry news
TalkTalk has today decried the decision to allow Openreach to increase wholesale prices by inflation rather than costs, saying that such measures squeezes customers already being hit by the economic pressures of the pandemic. A Social Market Foundation study, sponsored by TalkTalk, found that the price hike could increase broadband costs by £2,000 over five years for a typical UK business; for a mid-sized hospital, such fees could be as much as £…read more on TotalTele.com »