April 12, 2018 / 9:38 AM / 6 months ago

BRIEF-UK's Takeover Panel Says Disney Needs To Offer £10.75/Shr To Sky, Within 28 Days After Fox Deal Completes

April 12 (Reuters) - UK’s Takeover Panel:

* STATEMENT RE SKY PLC

* AFTER COMPLETION OF ACQUISITION OF FOX, DISNEY WILL BE REQUIRED TO MAKE OFFER TO HOLDERS OF SHARES IN SKY

* EXECUTIVE HAS FURTHER RULED THAT DISNEY’S OFFER MUST BE AT £10.75 IN CASH FOR EACH ORDINARY SHARE IN SKY

* EACH OF DISNEY, FOX AND SKY HAS ACCEPTED RULINGS

* EXECUTIVE CONSIDERS SECURING CONTROL OF SKY MIGHT REASONABLY BE CONSIDERED TO BE SIGNIFICANT PURPOSE OF DISNEY’S ACQUIRING CONTROL OF FOX Source text for Eikon: Further company coverage:

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