Hedge funds ready to hang up on TDC

Copenhagen Post – The largest business deal in the country?s history could turn into a stock market selloff by the five capital funds that purchased telecommunications company TDC for a record sum in 2006.

The largest business deal in the country’s history could turn into a stock market selloff by the five capital funds that purchased telecommunications company TDC for a record sum in 2006.

The 68 billion kroner acquisition gave the investors control of 88 percent of the shares in the country’s largest telecom and shareholders a 40 percent premium on the value of the shares. At the time, it was Europe’s largest leverage buyout.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.