Fox, Sky Agree to GBP10.75/Share Offer
Source: BFW (Bloomberg First Word)
Tickers
FOXA US (Twenty-First Century Fox Inc)
SKY LN (Sky PLC)
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UUID: 7947283
(Bloomberg) -- 21st Century Fox, independent committee of Sky announce that they have reached agreement on the terms of a recommended pre-conditional cash offer for GBP10.75/share.
Alert: HALISTER- Fox currently anticipates that the acquisition will complete before the end of 2017
- Sky will not pay any dividends in 2017
- Cash consideration implies a value of approximately GBP11.7b
- NOTE: Fox executives were earlier said to have not ruled out a higher price than GBP10.75/share should the bid not get the required support
- NOTE: Fox holds 39.14% of Sky shares, according to Bloomberg data
Source: BFW (Bloomberg First Word)
Tickers
FOXA US (Twenty-First Century Fox Inc)
SKY LN (Sky PLC)
To de-activate this alert, click here
UUID: 7947283