Monday, 24 September 2018

Jazztel shareholder rejects Orange bid

By Nick Wood, Total Telecom
Wednesday 17 September 14

Asset manager Alken says it is willing to sell its 5% stake for €20 per share.

Jazztel's second-largest shareholder Alken Asset Management on Wednesday rejected Orange's takeover bid for the Spanish fixed-line player, claiming it is too low. The French incumbent on Tuesday launched a €3.4 billion offer for 100% of Jazztel. The combination of Orange Spain and Jazztel would create the country's second…

Jazztel's second-largest shareholder Alken Asset Management on Wednesday rejected Orange's takeover bid for the Spanish fixed-line player, claiming it is too low. The French incumbent on Tuesday launched a €3.4 billion offer for 100% of Jazztel. The combination of Orange Spain and Jazztel would create the country's second…

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