Wednesday, 23 June 2021

TalkTalk takeover? Toscafund makes £1.1bn bid

by Harry Baldock, Total Telecom
Thursday 08 October 20

Toscafund Asset Management has made a cash offer with the intent of taking the MVNO private

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…

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…

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