February 27, 2018 / 11:50 AM / 6 months ago

Hedge funds expect counter bid for Sky after Comcast offer

LONDON, Feb 27 (Reuters) - Two hedge fund shareholders in Sky say Comcast Corp’s $31 billion offer for the British pay-television broadcaster is likely to trigger a higher counter bid for the FTSE 100 company.

Hedge fund manager Crispin Odey said Comcast’s proposal, which rivals an offer for Sky made by Twenty-First Century Fox , was “fantastic” and that a counter bid was now likely.

Polygon portfolio manager Bechara Nasr said Sky could eventually fetch an offer of more than 15 pounds per share. (Reporting by Ben Martin; editing by Jason Neely)

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