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Tycoon's $17 Billion Bid for Telecom Giants Draws Skeptics

Tycoon's $17 Billion Bid for Telecom Giants Draws Skeptics
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Thai tycoon's US$17bil bid for Telecom giants draws sceptics

Thai tycoon's US$17bil bid for Telecom giants draws sceptics
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

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Tycoon's $17 Billion Bid for Telecom Giants Draws Skeptics

Tycoon's $17 Billion Bid for Telecom Giants Draws Skeptics
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Thailand's Gulf Energy makes $5.4 bln bid for control of nation's biggest mobile operator

By Reuters Staff
1 Min Read
BANGKOK, April 19 (Reuters) - Thailand’s Gulf Energy Development Pcl is planning a $5.4 billion bid to buy all the shares it does not own in telecoms firm Intouch Holdings , which controls the country’s biggest mobile operator.
Bangkok-based Gulf Energy, which owns 18.93% of Intouch, said in a filing it had offered to buy the rest of the shares for 65 baht per share, 11% higher than its previous close. That would cost it some 169 billion baht ($5.4 billion).
Intouch shares rose by more than 8% on Monday following the news, while Gulf Energy, which is led by billionaire Sarath Ratanavadi, saw its stock decline by around 3% to its lowest level since early November. ($1 = 31.2300 baht) (Reporting by Patpicha Tanakasempipat; Editing by Edwina Gibbs) ....

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Thai billionaire plans US$5.4bil buyout of Intouch

Huge deal: An AIS shop in Bangkok. Gulf Energy will tender for 100% of AIS, Thailand’s biggest mobile phone company controlled by Intouch. Reuters
BANGKOK: Gulf Energy Development Pcl, Thailand’s biggest power producer by market value, offered to acquire Intouch Holdings Pcl that control’s the nation’s largest mobile phone operator for as much as 169 billion baht (US$5.4bil or RM22bil).
The Bangkok-based company, controlled by billionaire Sarath Ratanavadi, offered to buy 2.6 billion shares, or about 81% of Intouch, that it doesn’t currently own at 65 baht each, it said in an exchange filing. The offer price is 11% higher than Intouch’s close on Friday. ....

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