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Altimo offers $1.8-billion to buy out minority shareholders of Wind Mobile parent

2013-04-17 04:19:17| Telecom - Topix.net

Russian billionaire Mikhail Fridman's Altimo launched on Tuesday an offer to buy out minority shareholders in Egypt's Orascom Telecom for around $1.8-billion. Egypt's stock exchange said in March that a Cyprus-based firm owned by Altimo had offered $0.70 per share for all of Orascom Telecom's 5.2 billion shares.

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UPDATE 2-Altimo subsidiary offers to buy Egypt's Orascom Telecom

2013-04-01 12:24:24| Telecom - Topix.net

Egypt's stock exchange said on Sunday a subsidiary of Russian billionaire Mikhail Fridman's Altimo had offered to buy 100 percent of Egypt's Orascom Telecom .

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Altimo offers to buy rest of Orascom Telecom

2013-04-01 08:31:00| Telecompaper Headlines

(Telecompaper) Russian investment company Altimo has made an offer to buy the shares it does not already own in Egypt-based Orascom Telecom. Altimo is offering USD 0.70 a share, similar to Orascom's last closing price of EGP 4.41 the day before the announcement. The offer values all of Orascom at USD 3.67 billion. Altimo currently owns around 47.9 percent of Russian operator VimpelCom, which holds about 51.7 percent of Orascom. Orascom sold most of its assets to Vimpelcom earlier, but still controls mobile operations in Algeria, Bangladesh, Burundi, Canada, the Central African Republic, Pakistan and Zimbabwe.

Tags: buy offers rest telecom

UPDATE 2-A. Schulman offers to buy Ferro for $563 mln despite snub

2013-03-05 03:12:26| Chemicals - Topix.net

Chemical maker A. Schulman Inc offered to buy Ferro Corp for $563 million to increase its pricing power amid weak demand, but the smaller rival rejected the bid saying it was better off continuing its own strategy.

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