MasMovil launches bid for telecoms company Euskaltel
March 30, 2021
Spanish telecoms group MasMovil has made an offer to take over its rival Euskaltel for €2 billion. Shareholders with a 52.32% stake in the target have already agreed to the friendly bid. MasMovil is offering to pay €11.17 a share in cash, representing a 16.48% premium on the company's March 26 closing price.