In February 2007, Sonaecom revised their bid to EUR10.50 per share. Less than one week later, the PT Board wrote to its stockholders maintaining the rejection of the new offer. So far, most shareholders hadn't manifested their views freely.
PT had been fighting hard for its independence. But would economic conditions be appropriate for the takeover bid of Sonaecom to be successful? What would it take to convince shareholders to accept? The international roadshow of PT was accomplishing an end. How would investors respond to all this information? Was it time for PT to take a seat with Sonaecom?
SONAECOM TAKEOVER OF PORTUGAL TELECOM (C) case study solution
PUBLICATION DATE: January 01, 2012 PRODUCT #: IMD654-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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