Nordic Telephone Company, formed by a consortium of private equity firms, has made a public offer to acquire the leading telecommunications company in Denmark, TDC. TDC board of directors approved foster private transaction, and 88% of shareholders accepted the offer. Northern phone should get 90% of TDC, to make compulsory redemption in accordance with Danish law. However, the pension fund, which held 5.5% of the outstanding declined the offer. If Nordic Telephone reduce its 90% acceptance threshold and buy TDC without guarantees of full ownership, or TDC should walk away from the table? "Hide
by Nabil N. El-Hage, Mark Lurie, Leslie S. Pearson Source: Harvard Business School 16 pages. Publication Date: June 26, 2007. Prod. #: 207122-PDF-ENG
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