Modern Times Group MTG AB (MTGb.ST)
16 Feb 2018
COPENHAGEN, Feb 12 Danish telecoms operator TDC has been approached by a potential bidder for all of its shares and will withdraw from its $2.5 billion takeover of MTG's broadcasting and entertainment business if such a bid materialises.
* DECLINES TO COMMENT ON MTG'S STATEMENT SAYING THAT TDC INTENDS TO WITHDRAW ITS RECOMMENDATION OF THE SIGNED AGREEMENT WITH MTG TO MERGE TV BUSINESSES
STOCKHOLM Sweden's MTG said on Monday it had been informed by TDC that the Danish operator's board intends to withdraw its recommendation of a deal with MTG to combine its Nordic Entertainment and MTG Studios businesses with TDC.
STOCKHOLM, Feb 12 Sweden's MTG said on Monday it had been informed by TDC that the Danish operator's board intends to withdraw its recommendation of a deal with MTG to combine its Nordic Entertainment and MTG Studios businesses with TDC.
Feb 8 ALLIANCEBERNSTEIN, WHICH HOLDS 1.12 PERCENT OF TDC'S SHARES ACCORDING TO THOMSONREUTERS' DATA, SAYS IN AN EMAIL TO REUTERS:
Feb 2 Telecom operator Tele2, which is taking over cable TV firm Com Hem, said on Friday it would aim to grow dividends as it posted a fourth-quarter core profit in line with expectations.
STOCKHOLM Danish telecoms operator TDC has agreed a $2.5 billion takeover of Swedish Modern Times Group's broadcasting and entertainment business, the latest deal in a global wave of mergers reshaping the telecoms and media sectors.
* Analysts say price tag too high (Adds comments from MTG CEO, analysts, share prices)
STOCKHOLM, Feb 1 Telecoms operator TDC has agreed to buy Swedish Modern Times Group's Nordic Entertainment and Studios units in a cash and share deal valuing the acquired business at 19.55 billion Swedish crowns ($2.48 billion).
* : TDC : TDC GROUP ENTERS INTO AGREEMENT TO COMBINE WITH MTG’S NORDIC ENTERTAINMENT AND STUDIO BUSINESSES