France’s Iliad Said to Prepare Offer for Bigger T-Mobile Stake
2014-10-02 17:16:12.133 GMT
By Libby Sallaberry McGowan
Oct. 2 (Bloomberg) -- Iliad planning to bid for bigger
stake in T-Mobile than it sought in July, as Iliad approaches
self-imposed deadline to reach a deal this month, people
familiar w/ matter tell Bloomberg’s Manuel Baigorri, Alex
Sherman and Matthew Campbell.
* Iliad, which initially proposed to buy 56.6% of TMUS, still
intends to offer $33/shr for a significantly larger stake
* New offer may be made by mid-Oct.
* Deutsche Telekom, which owns >66% of TMUS is in regular,
informal contact w/ Iliad, hasn’t decided whether a new
offer for larger stake would be sufficient
* Execs at Deutsche Telekom view at least $35/shr as
fairer price
* Execs at Deutsche Telekom view at least $35/shr as
fairer price</li></ul>
* NOTE: Sept. 1, Iliad Said in Talks W/ Buyout Firms on New T-
Mobile US Bid
* July 31, T-Mobile Confirms It Has Received Proposal From
Iliad; Aug. 5, T-Mobile Said to Plan to Turn Down
Iliad’s $15 Billion Offer
* July 31, T-Mobile Confirms It Has Received Proposal From
Iliad; Aug. 5, T-Mobile Said to Plan to Turn Down
Iliad’s $15 Billion Offer</li></ul>
Story:NSN NCTUKD6S972H <GO>
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To contact the reporter on this story:
Libby Sallaberry McGowan in New York at +1-212-617-8044 or
lsallaberry@bloomberg.net
To contact the editors responsible for this story:
Brad Skillman at +1-212-617-2763 or
bskillman1@bloomberg.net
Jeremy R. Cooke
2014-10-02 17:16:12.133 GMT
By Libby Sallaberry McGowan
Oct. 2 (Bloomberg) -- Iliad planning to bid for bigger
stake in T-Mobile than it sought in July, as Iliad approaches
self-imposed deadline to reach a deal this month, people
familiar w/ matter tell Bloomberg’s Manuel Baigorri, Alex
Sherman and Matthew Campbell.
* Iliad, which initially proposed to buy 56.6% of TMUS, still
intends to offer $33/shr for a significantly larger stake
* New offer may be made by mid-Oct.
* Deutsche Telekom, which owns >66% of TMUS is in regular,
informal contact w/ Iliad, hasn’t decided whether a new
offer for larger stake would be sufficient
* Execs at Deutsche Telekom view at least $35/shr as
fairer price
* Execs at Deutsche Telekom view at least $35/shr as
fairer price</li></ul>
* NOTE: Sept. 1, Iliad Said in Talks W/ Buyout Firms on New T-
Mobile US Bid
* July 31, T-Mobile Confirms It Has Received Proposal From
Iliad; Aug. 5, T-Mobile Said to Plan to Turn Down
Iliad’s $15 Billion Offer
* July 31, T-Mobile Confirms It Has Received Proposal From
Iliad; Aug. 5, T-Mobile Said to Plan to Turn Down
Iliad’s $15 Billion Offer</li></ul>
Story:NSN NCTUKD6S972H <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Libby Sallaberry McGowan in New York at +1-212-617-8044 or
lsallaberry@bloomberg.net
To contact the editors responsible for this story:
Brad Skillman at +1-212-617-2763 or
bskillman1@bloomberg.net
Jeremy R. Cooke