New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 5, 2014
05:39 EDTVIVHY, TEF, TITelefonica bids EUR 6.7B for Vivendi's Global Village Telecom
Telefonica S.A. (TEF) said it has submitted an offer to Vivendi (VIVHY) for the combination of Telefonica Brasil and Global Village Telecom, which includes a cash consideration of 11,962 million Brazilian Reais and newly issued shares representing 12% of the share capital of the new Telefonica Brasil, after its combination with GVT. Considering the current market price of Telefónica Brasil the offer amounts to a total of EUR 6.7B euros. The cash consideration would be financed via a capital increase at Telefonica Brasil subscribed by Telefonica S.A. in proportion to its current stake, whose contribution will be funded, in turn, via a capital increase. The offer envisages that, should Vivendi be interested in acquiring a stable stake in Telecom Italia (TI), Telefonica could offer Vivendi the acquisition, in cash, of up to 1,110M ordinary shares of Telecom Italia, currently representing a stake of 8,3% of the Telecom Italia voting share capital. The transfer of the shares would take place at closing of the transaction between Vivendi and Telefonica Brasil. According to the terms of the offer, it expires on September 3, unless it is previously accepted by Vivendi, S.A., or if bidders decide to extend the offer’s validity period.
News For TEF;VIVHY;TI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 19, 2014
10:17 EDTTEFOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:45 EDTTEFTelefonica reinstated with a Sell at Deutsche Bank
Subscribe for More Information
December 18, 2014
06:10 EDTTEFBT Group prepping 'giant' financing package to fund EE takeover, Telegraph says
Subscribe for More Information
December 15, 2014
11:21 EDTTEFBT could announce exclusive talks to buy EE today, FT reports
Subscribe for More Information
06:13 EDTTEFBT could decide this week between O2 and EE, Daily Mail reports
Subscribe for More Information
December 10, 2014
15:19 EDTTI, TEFTelefonica, Oi, Claro to offer $15B for Tim Participacoes, Bloomberg says
Telefonica (TEF), Oi SA (OIBR), and America Movil (AMX, AMOV) owned Claro plan to team up on a takeover bid for Tim Participacoes (TSU) that would value it at about $15B, said Bloomberg, citing people with knowledge of the matter. Telecom Italia (TI), which owns 67% of Brazil’s Tim Participacoes, believes Tim should be valued at about $25B or more, including debt, according to a person familiar with the matter, the report noted. Shares of Tim trading in New York are up about 6.6% to $23.69 in afternoon trading after rising as high as $26.54 immediately following the headlines from Bloomberg's report. Reference Link
13:46 EDTTEFTim Participacoes jumps 10.7% to $24.59 after report of Telefonica-Oi offer
Subscribe for More Information
13:45 EDTTEFTelefonica, Oi, Claro to offer $15B for Tim Participacoes, Bloomberg reports
Subscribe for More Information
06:46 EDTTEFBT Group bid for O2 expected this week, Daily Mail says
BT Group's (BT) offer to acquire Q2 from Telefonica (TEF) could come as early as this week and sources stated that an offer is "imminent," reports Daily Mail, citing sources familiar with the talks. Reference Link
December 9, 2014
09:21 EDTTEFBT leaning toward O2 acquision over EE purchase, Bloomberg says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use