August 02, 2021 | Telecom | Europe | Ended
On 30-Jul-21, French billionaire Xavier Niel, the founder and controlling shareholder of Iliad, launched a €3.1bn tender offer to buy out the remaining shares and to take the company private. Niel, who holds 70.63% of shares and 78.67% of voting rights through holding company “HoldCo II”, is offering minority shareholders €182 per share, a one-day premium of 61% to the previous day’s close. Of note, Iliad traded as high as €182.25 in early December 2020 before spiralling lower -38.0% over the next 7.5 months. A special committee ...
Please contact us to request access to this report.