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Tdc A/S (TDC.CO)

TDC.CO on Copenhagen Stock Exchange

49.32DKK
6:32am EST
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kr.0.00 (+0.00%)
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kr.49.50
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Latest Key Developments (Source: Significant Developments)

Telia Company says not in discussions with TDC
Monday, 12 Feb 2018 06:53am EST 

Feb 12 (Reuters) - Telia ::COMPANY NOT IN DISCUSSIONS WITH TDC.SAYS ‍TELIA COMPANY CONFIRMS THAT AS PART OF STRATEGIC REVIEW REGARDING OUR POSITION IN DENMARK WE HAVE INVESTIGATED OUR VARIOUS ALTERNATIVES WHICH HAVE INCLUDED ALSO A POSSIBLE ACQUISITION OF TDC​.SAYS ‍TELIA COMPANY CONFIRMS THAT IT IS NOT PRESENTLY IN DISCUSSIONS WITH TDC.​.  Full Article

TDC Has Been Approached By A Potential Bidder For All Shares
Monday, 12 Feb 2018 04:25am EST 

Feb 12 (Reuters) - TDC ::: TDC HAS BEEN APPROACHED BY A POTENTIAL BIDDER FOR ALL SHARES OF TDC.THERE CAN BE NO CERTAINTY THAT CURRENT DISCUSSIONS WILL LEAD TO POTENTIAL BIDDER MAKING AN OFFER.SAYS ‍THERE CAN BE NO CERTAINTY THAT CURRENT DISCUSSIONS WILL LEAD TO POTENTIAL BIDDER MAKING AN OFFER​.WOULD INTEND TO WITHDRAW ITS RECOMMENDATION OF TRANSACTION WITH MTG.SAYS ‍TDC HAS COMMUNICATED THAT TDC'S BOARD OF DIRECTORS WOULD INTEND TO WITHDRAW ITS RECOMMENDATION OF TRANSACTION WITH MTG TO COMBINE MTG'S NORDIC ENTERTAINMENT AND STUDIOS BUSINESSES WITH TDC IF AN OFFER FOR ALL SHARES OF TDC IS MADE​.  Full Article

TDC shareholder AllianceBernstein does not support MTG merger
Thursday, 8 Feb 2018 10:53am EST 

Feb 8 (Reuters) - ALLIANCEBERNSTEIN, WHICH HOLDS 1.12 PERCENT OF TDC'S SHARES ACCORDING TO THOMSONREUTERS' DATA, SAYS IN AN EMAIL TO REUTERS::WE DO NOT BELIEVE PROPOSED MERGER WITH MODERN TIMES GROUP IS BEST COURSE OF ACTION TO MAXIMISE VALUE FOR TDC SHAREHOLDERS.THE BID FROM MACQUARIE AND THE THREE DANISH PENSION FUNDS CLEARLY DEMONSTRATES THE UNDERLYING VALUE IN TDC’S BUSINESS.WE ASK TDC'S MANAGEMENT TO ACTIVELY ENGAGE WITH ANY INTERESTED PARTY TO EXTRACT THE BEST POSSIBLE OFFER FOR ITS OPERATIONS.  Full Article

TDC Says Prefers MTG Merger Over Takeover Proposal From Macquarie, Danish Funds
Thursday, 8 Feb 2018 08:11am EST 

Feb 8 (Reuters) - TDC'S BOARD OF DIRECTORS SAID IN A STATEMENT::SAYS THE BOARD OF DIRECTORS CONTINUES TO CONSIDER PROPOSED COMBINATION BETWEEN TDC GROUP AND MTG NORDICS AS THE PREFERRED ROUTE TO CREATE INCREMENTAL SHAREHOLDER VALUE.SAYS IF AN OFFEROR MAKES A FINANCIALLY COMPELLING PROPOSAL AT ANY TIME, WE ARE ALWAYS PREPARED TO ENGAGE IN A CONSTRUCTIVE DIALOGUE.SAYS WE BELIEVE CONTROL OF TDC SHOULD ONLY BE CEDED FOR A PRICE THAT ADEQUATELY REPRESENTS THE FAIR VALUE OF THE COMPANY; THE CONSORTIUM’S PROPOSAL DOES NOT MEET THIS TEST.  Full Article

Danish Pension Fund ATP Confirms Consortium Is In Dialogue With TDC On Possible Takeover
Thursday, 8 Feb 2018 04:11am EST 

Feb 8 (Reuters) - CHRISTIAN HYLDAHL, CEO OF DANISH PENSION FUND ATP, SAID ON PRESS CONFERENCE::DANISH PENSION FUND ATP CONFIRMS CONSORTIUM WITH MACQUARIE, OTHER FUNDS IS IN DIALOGUE WITH TDC <<>> ON POSSIBLE TAKEOVER; SAYS NO FORMAL OFFER HAS BEEN MADE.  Full Article

Macquarie, Three Danish Pension Funds Confirm Approaching TDC To Discuss Possible Voluntary Takeover Offer
Thursday, 8 Feb 2018 02:25am EST 

Feb 8 (Reuters) - A CONSORTIUM OF MACQUARIE AND THREE DANISH PENSION FUNDS ATP, PKA AND PFA SAYS::CONFIRMS APPROACHING TDC <<>> TO DISCUSS POSSIBLE VOLUNTARY TAKEOVER OFFER.CASH OFFER IS FULLY FUNDED; WOULD WELCOME OPPORTUNITY TO ENTER DIALOGUE WITH THE TDC.  Full Article

Tdc A/S says it received an indicative proposal which has been rejected
Wednesday, 7 Feb 2018 03:12pm EST 

Feb 7 (Reuters) - Tdc ::: TDC A/S CONFIRMS THAT IT RECEIVED AN INDICATIVE PROPOSAL WHICH HAS BEEN REJECTED.‍CONFIRMS RECEIVED PROPOSAL FROM CONSORTIUM MADE UP OF PFA PENSION, FORSIKRINGSSELSKAB, PKA, ATP AND MACQUARIE INFRASTRUCTURE & REAL ASSETS EUROPE​.‍BOARD OF DIRECTORS CONCLUDED THAT IT IS NOT IN BEST INTEREST OF TDC'S SHAREHOLDERS AND STAKEHOLDERS AND IT HAS BEEN REJECTED​.  Full Article

TDC Manager sell shares
Friday, 2 Feb 2018 08:04am EST 

Feb 2 (Reuters) - TDC ::REPORTING OF MANAGERS’ TRANSACTIONS IN TDC-SHARES.SAYS CEO OF TDC NORWAY AND GET SELLS 1.2 MILLION SHARES IN COMPANY.  Full Article

Sweden's MTG to sell MTG Nordics business to Danish TDC
Thursday, 1 Feb 2018 01:30am EST 

Feb 1 (Reuters) - MTG AB ::CREATING EUROPE'S FIRST FULLY CONVERGENT MEDIA AND COMMUNICATIONS PROVIDER; NEW MTG TO BE A FOCUSED GLOBAL DIGITAL ENTERTAINMENT PROVIDER.SAYS ‍HAS ENTERED INTO A DEFINITIVE AGREEMENT WITH TDC A/S ("TDC GROUP") TO COMBINE ITS NORDIC ENTERTAINMENT AND MTG STUDIOS BUSINESSES (TOGETHER "MTG NORDICS") WITH TDC GROUP​.SAYS BOARDS OF DIRECTORS OF BOTH MTG AND TDC GROUP RECOMMEND THEIR RESPECTIVE SHAREHOLDERS TO VOTE IN FAVOUR OF COMBINATION.SAYS KINNEVIK AB, WHICH OWNS 20.0% OF CAPITAL AND 47.6% OF VOTES IN MTG,3 HAS EXPRESSED ITS FULL SUPPORT FOR COMBINATION.SAYS ‍COMBINATION IS EXPECTED TO CREATE SUBSTANTIAL SYNERGIES, AN IMPROVED GROWTH AND EARNINGS PROFILE, AND HIGHER SHAREHOLDER RETURNS​.SAYS CEO OF TDC GROUP, PERNILLE ERENBJERG, WILL BECOME CEO OF NEW COMBINED COMPANY.SAYS COMBINATION IMPLIES A VALUATION OF MTG NORDICS OF SEK 19.55 BILLION ON A CASH AND DEBT FREE BASIS.SAYS ‍COMBINATION IS EXPECTED TO YIELD ANNUAL RUN RATE SYNERGIES OF APPROXIMATELY DKK 600 MILLION (SEK 790 MILLION), OF WHICH DKK 400 MILLION (SEK 530 MILLION) ARE OPEX AND CAPEX RELATED, AND WHICH ARE EXPECTED TO BE GRADUALLY REALISED OVER 3 YEARS UP TO END OF 2021​.SAYS MTG WILL ALSO RECEIVE AN ADDITIONAL CASH COMPONENT CORRESPONDING TO PRO RATA SHARE OF TDC GROUP'S ANNOUNCED 2017 DIVIDEND OF DKK 1.05 PER SHARE, EQUIVALENT TO APPROXIMATELY SEK 430 MILLION.  Full Article

TDC Group Enters Into Agreement With Modern Times Group
Thursday, 1 Feb 2018 01:30am EST 

Feb 1 (Reuters) - Tdc ::: TDC : TDC GROUP ENTERS INTO AGREEMENT TO COMBINE WITH MTG’S NORDIC ENTERTAINMENT AND STUDIO BUSINESSES.‍TO CREATE EUROPE'S FIRST FULLY CONVERGENT MEDIA AND COMMUNICATIONS PROVIDER​.MTG NORDIC HAS BEEN VALUED AT SEK 19.55BN (DKK 14.86BN), ON A CASH AND DEBT FREE BASIS.‍TRANSACTION BRINGS TOGETHER TDC'S DIRECT-TO-CONSUMER OFFERING IN MOBILE, BROADBAND AND TV SERVICES​.‍COST SYNERGIES OF DKK 400M YEARLY WITH AN ADDITIONAL REVENUE POTENTIAL OF APPROXIMATELY DKK 200M.​.COST SYNERGIES OF DKK 400M YEARLY WITH AN ADDITIONAL REVENUE POTENTIAL OF APPROXIMATELY DKK 200M FROM DEAL.‍DIVIDEND UPSIDE DUE TO VALUE OF SYNERGIES AND TRANSACTION LEADING TO IMPROVED CAPITAL STRUCTURE​.‍BOARD OF DIRECTORS INTENDS TO INCREASE 2018 DIVIDEND PER SHARE (DPS) TO DKK 1.40​.SHALL PAY AT CLOSING OF TRANSACTION A CASH AMOUNT OF SEK 3.3BN AND ISSUE A TOTAL OF 308.9 MILLION TDC SHARES.‍2018 FINANCIAL RESULTS WILL BE IMPACTED BY MERGER WITH MTG NORDICS WITH EFFECT FROM CLOSING OF TRANSACTION.​.‍UPDATED FULL YEAR GUIDANCE FOR 2018 WILL BE PUBLISHED WHEN TRANSACTION CLOSES​.  Full Article

BRIEF-TDC Has Been Informed That A Consortium 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