In the month of February 2007, Sonaecom modified their bid to EUR10.50 per share. Less than one week after, the PT Board wrote to its shareholders preserving the rejection of this new offer. So far, most shareholders had not attested their views openly.
PT had been struggling hard for its independence. But would economic conditions be appropriate for Sonaecom's takeover bid to succeed? What would it take to convince investors to accept? The international roadshow of PT was achieving an end. Will investors respond to all this sequence? Was it occasion for PT to sit downward with Sonaecom?
SONAECOM TAKEOVER OF PORTUGAL TELECOM (C) a 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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