February 12, 2018 / 1:07 PM / 7 months ago

BRIEF-TDC Has Been Informed That A Consortium Has Decided To Launch A Take-Over Offer

Feb 12 (Reuters) - TDC:

* : TDC HAS BEEN INFORMED THAT A CONSORTIUM COMPRISING PFA, PKA, ATP AND MACQUARIE INFRASTRUCTURE AND REAL ASSETS HAS DECIDED TO LAUNCH A TAKE-OVER OFFER

* : TDC HAS BEEN INFORMED THAT A CONSORTIUM COMPRISING PFA, PKA, ATP AND MACQUARIE INFRASTRUCTURE AND REAL ASSETS HAS DECIDED TO LAUNCH A TAKE-OVER OFFER

* SAYS ‍OFFEROR WILL SUBMIT A VOLUNTARY RECOMMENDED PUBLIC TAKEOVER OFFER ( “OFFER”) TO BUY ENTIRE SHARE CAPITAL OF TDC A/S FOR AN ALL-CASH CONSIDERATION OF DKK 50.25 PER SHARE ( “OFFER PRICE”)​

* SEES OFFER PRICE REPRESENTS A PREMIUM OF 25.6% TO SHARE PRICE OF TDC ON 31 JANUARY 2018

* SAYS ‍OFFER PRICE REPRESENTS A PREMIUM OF 25.6% TO SHARE PRICE OF TDC ON 31 JANUARY 2018​

* OFFEROR TO BUY ENTIRE SHARE CAPITAL OF TDC A/S FOR AN ALL-CASH CONSIDERATION OF DKK 50.25 PER SHARE

* CEO SAYS ‍AFTER CAREFUL REVIEW OF OUR OPTIONS, BOARD OF DIRECTORS OF TDC BELIEVES THAT CONSORTIUM’S OFFER REPRESENTS BOTH MOST COMPELLING VALUE AND HIGHEST TRANSACTION CERTAINTY BENEFITTING TDC SHAREHOLDERS​

* CEO SAYS ‍AS A RESULT, WE HAVE DECIDED TO RECOMMEND THAT SHAREHOLDERS OF TDC ACCEPT OFFER​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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