KPN : Unlikely to back down now
>Two turned down approaches unlikely to be the end-game - In recent weeks, both EQT/Stonepeak and KKR made approaches to acquire KPN. Both approaches were rejected by KPN management, who also stated that the EQT/Stonepeak proposition did not include an offer price, and thus contradicted the € 3.0 offer price that was mentioned in a Financial Times article dated 2 May 2021. KPN also stated that there are and have not been any discussions or negotiations with EQT/Stonep...Koninklijke KPN is an integrated information and communications technology service provider. Co. provides its consumer customers data broadband services, IPTV services, mobile (voice, data and SMS) and fixed line telephony. Co. provides its business customers broadband services, mobile, fixed line and data services. Co. operates in the following segments: Consumer Mobile, which provides mobile services and products; Consumer Residential, which provides services in and around the house; Business, which provides fixed and mobile telephony services; NetCo, which includes fixed wholesale services; Belgium, which provides mobile telephony; and iBasis, which provides wholesale network services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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