Nordic Telephone Company, developed by a consortium of private equity firms, has made a public tender recommendation for Denmark's leading telecommunications company, TDC. TDC's board of directors approved the take-private trade, and 88% of investors have accepted the offer.
Nordic Telephone Company's Bid for TDC Case Study Solution
Nordic Telephone must increase 90% of the shares of TDC to force compulsory redemption under Denmark law. Nonetheless, a pension fund that held 5.5% of the outstanding stock has rejected the offer. Should Nordic Telephone lower its acceptance threshold that is 90% and purchase TDC with no guarantee of complete possession, or should TDC walk away from the table?
PUBLICATION DATE: June 26, 2007 PRODUCT #: 207122-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
Related Case Solutions & Analyses:
Strategic Performance Measurement of Suppliers at HTC
Carol Brewers Investments
Nike (B)
Centel of Virginia
PepsiCo’s Bid for Quaker Oats (C)
Dell Inc. – Investment Strategy
Merrimack Tractors and Mowers, Inc.: LIFO or FIFO?, Spanish Version
Sears: Accounting for Uncollectible Accounts
Yale University Investments Office: July 2000
Microsoft Latin America
