Orange: considers bid for rest of Orange Belgium
(CercleFinance.com) - Orange has announced that it is considering launching a conditional voluntary tender offer for the Orange Belgium shares it does not already own and, if conditions are met, a possible delisting of these shares in Brussels.
The telecom operator specifies that this offer would be made in cash, with no threshold conditions, at a price of 22 euros per share, i.e. a premium of 35.6% compared to Orange Belgium's closing price on 2 December.
L'objectif est de "permettre à Orange Belgium de déployer plus efficacement sa stratégie de création de valeur à long terme et de réagir plus efficacement aux transformations majeures du marché belge, par une meilleure flexibilité financière".
This aims to "allow Orange Belgium to more efficiently deploy its strategy for long-term value creation and to react more effectively to major transformations in the Belgian market through greater financial flexibility".
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