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Briefs: Buyout offer for Denmark's TDC
More than $11 billion has reportedly been offered by a financial consortium for Danish telecom TDC.
The consortium of five investors led by Apax did not disclose the amount of its offer late Thursday; however, the Financial Times said the reported $11.5 billion offer would make TDC one of the world's largest leveraged buyouts.
Apax and its partners have been aggressively pursuing TDC through its Nordic Telephone entity. Other well-heeled firms have also been eyeing TDC, raising the possibility Thursday's offer could be challenged in the near future, the Times said.
TDC is based in Denmark, but also is a major telecom provider in Switzerland and has interests in communications companies in northern Europe.
Copyright 2005 by United Press International
Apax and its partners have been aggressively pursuing TDC through its Nordic Telephone entity. Other well-heeled firms have also been eyeing TDC, raising the possibility Thursday's offer could be challenged in the near future, the Times said.
TDC is based in Denmark, but also is a major telecom provider in Switzerland and has interests in communications companies in northern Europe.
Copyright 2005 by United Press International
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