Monday, 16 September 2019

KCom target of £500m takeover bid

By Mary Lennighan, for Total Telecom
Thursday 25 April 19

Hull telco's directors, major shareholders in favour of pension fund buyout, but other offers could still come in

KCom's board of directors has agreed a £504 million takeover deal with pension fund Universities Superannuation Scheme Limited (USSL). The Hull-based telco said the deal, which comes in at 97 pence per share, represents a 33.8% premium on its closing price on the last practicable date and is 38% above its three…

KCom's board of directors has agreed a £504 million takeover deal with pension fund Universities Superannuation Scheme Limited (USSL). The Hull-based telco said the deal, which comes in at 97 pence per share, represents a 33.8% premium on its closing price on the last practicable date and is 38% above its three…

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