Investors Oppose France Telecom-TeliaSonera Deal
Amid investors’ opposition, France Telecom SA has made an offer to buy TeliaSonera AB. The said offer was for 252.5 billion kronor or approximately US$42 billion. The reason investors are opposed to this deal is that it would simply erode value. During the previous month, approximately 9 out of 10 investors were openly against the deal between these two telecommunications companies as they could not see any real advantage to the merger, whether financial or strategic. Photo Credit: twenty_qu
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