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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.

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