February 12, 2018 / 9:22 AM / in 2 months

BRIEF-TDC Declines To Comment On MTG Saying It Has Withdrawn Support For TV Business Merger

Feb 12 (Reuters) - DENMARK’S TDC:

* 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

* 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

* LAST WEEK, TDC SAID IT HAD TURNED DOWN AN INDICATIVE BID FROM MACQUARIE INFRASTRUCTURE AND REAL ASSETS AND PENSION FUNDS ATP, PFA AND PKA

* IT SAID THEN THAT A TAKEOVER OF MTG’S BROADCASTING AND ENTERTAINMENT BUSINESS REMAINED ITS PREFERRED ROUTE TO BOOST VALUE FOR SHAREHOLDERS FURTHER COMPANY COVERAGE: (Reporting by Stine Jacobsen)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below