Message :
Required fields DGAP-Ad-hoc: United Internet AG / Key word(s): Mergers & Acquisitions
United Internet supports the implementation of Tele Columbus s Fiber
Champion strategy and welcomes the takeover offer of Morgan Stanley
Infrastructure Partners
21-Dec-2020 / 07:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement. - Voluntary public takeover offer for Tele Columbus by bidding company of
Morgan Stanley Infrastructure Partners - On success of takeover offer - United Internet to contribute minority
stake in Tele Columbus to bidding company and to acquire a minority interest
Duluth, MN, USA / Kat Country 98.9 | KTCO
Dec 21, 2020 2:17 AM
BERLIN (Reuters) - A fund backed by Morgan Stanley Infrastructure Partners has made a cash offer to buy Germany s Tele Columbus AG in an agreed deal that values the fibre network operator at over 400 million euros ($487.84 million), Tele Columbus said.
The offer of 3.25 euros per share represents a 13% premium to Tele Columbus closing share price on Friday.
Top shareholder United Internet AG on Monday said it will offer its 29% stake in exchange for a stake in the Morgan Stanley-backed investment vehicle.
Tele Columbus said the deal is likely to help finance a 2 billion euro expansion of its fibre optic telecommunications network. It said the deal is also likely to benefit United Internet group companies including 1&1 Drillisch AG, which over the weekend signed a deal to use Tele Columbus network to market its own broadband products.
DGAP-News: Tele Columbus AG / Key word(s): Offer/Capital Increase
Tele Columbus AG: Tele Columbus focuses on delivering on its planned fiber expansion together with Morgan Stanley Infrastructure Partners and United Internet
21.12.2020 / 07:30
PRESS RELEASE
Significant capital injection and takeover offer:
Tele Columbus focuses on delivering on its planned fiber expansion together with Morgan Stanley Infrastructure Partners and United Internet
- Tele Columbus AG wins Morgan Stanley Infrastructure Partners as partner for implementation of Fiber Champion strategy
- Kublai GmbH, an affiliate of funds advised by Morgan Stanley Infrastructure Inc., announces voluntary public takeover offer at EUR 3.25 per Tele Columbus share; Tele Columbus supports the offer
United Internet AG
United Internet supports the implementation of Tele Columbus s Fiber Champion strategy and welcomes the takeover offer of Morgan Stanley Infrastructure Partners
DGAP-Ad-hoc: United Internet AG / Key word(s): Mergers & Acquisitions
United Internet supports the implementation of Tele Columbus s Fiber Champion strategy and welcomes the takeover offer of Morgan Stanley Infrastructure Partners
21-Dec-2020 / 07:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
- Voluntary public takeover offer for
Tele Columbus by bidding company of Morgan Stanley Infrastructure Partners
United Internet : supports the implementation of Tele Columbus s Fiber Champion strategy and welcomes the takeover offer of Morgan Stanley Infrastructure Partners PDF marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.