Revised Portugal Telecom bid by Isabel dos Santos expected today
Isabel dos Santos will announce a revision to her EUR 1.21bn offer on Portugal Telecom (PT) later today, Diario Economico reported.
Sources familiar with the situation told the Lusophone paper that the amended PT bid from dos Santos will include the removal of several conditions that featured in her preliminary offer launched a week ago, including the suspension of the PT/Oi merger during the takeover bid and the elimination of voting right caps in Oi and the future CorpCo.
Diario Economico