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Tag: takeover
Sunrise cancels EGM as no majority on capital increase for UPC takeover
2019-10-22 08:54:00| Telecompaper Headlines
(Telecompaper) Swiss operator Sunrise said it cancelled the extraordinary general meeting scheduled for 23 October to authorize the capital increase of CHF 2.8 billion to finance the acquisition of UPC Switzerland.
Tags: increase
capital
majority
sunrise
Rhode Island takeover of Providence district will begin Nov. 1
2019-10-15 22:02:00| American School & University
State officials step in after report spells out dysfunction and mismanagement in the school system.
Tags: nov
island
begin
district
Cyber security company Sophos confirms USD 3.9 billion takeover offer
2019-10-14 10:55:00| Telecompaper Headlines
(Telecompaper) Sophos, the global cyber security software provider, has confirmed a takeover offer of USD 7.40 per share from US-based private equity company Thoma Bravo, valuing the company at around USD 3.9 billion. This will take the company private again, after its listing on the London stock market in 2015.
Tags: company
offer
security
usd
Liberty Global to take part in capital increase to finance Sunrise takeover of UPC Switzerland
2019-10-14 09:31:00| Telecompaper Headlines
(Telecompaper) Swiss operator Sunrise announced that Liberty Global will invest up to CHF 500 million in a combination of tradable rights and subsequent subscription of newly issued shares in the capital increase to finance the acquisition of UPC Switzerland. This was a demand of some Sunrise shareholders, who found the price of the takeover too high, and called for Liberty Global to share in the risk of merging the two operators.
Tags: part
increase
global
finance
Last week in telecoms: Cellnex major takeover, Vodafone cuts costs, KPN new commercial strategy and BT up sharply
2019-10-14 07:00:00| Telecompaper Headlines
(Telecompaper) Last week saw Cellnex agree a major takeover, while Vodafone kicked off a cost savings program and KPN potentially made a big shift in its commercial strategy. Overall, the European telecoms services sector performed well, as per our related index, which was up 2.1 percent in week 41. Still, this was significantly behind the EuroStoxx 50's sharp 3.6 percent rise. Forthnet (+16%) and Go Internet (-9.8%) were the micro cap outliers. BT's gain of 12 percent was the biggest large cap leap.
Tags: up
week
major
commercial
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