The takeover bid for
The report said a group of five British and US-based investment funds, who have combined to form the Nordic Telephone Company (NTC), have launched a cash offer of 382 Danish kroner ($62) per share for TDC.
The AFP report said the bid values the company at 10.2 billion Danish kroner ($1.65 billion).
But the bid was earlier rejected by
The AFP report quoted Jyske Bank, analyst at Rune Moeller as saying that 'despite the refusal of ATP, which holds 5.5 % of shares in TDC, we still believe in the success of this takeover bid and we think it will be extended by two weeks.'