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Millicom board declines Atlas Investissement's $4.4B buyout offer, citing undervaluation.
Millicom board rejects Atlas Investissement's $4.4B buyout offer, citing it as undervaluing the company.
French billionaire Xavier Niel's company had initially bid $4.1B, but increased it to $25.75 per share ($4.4B) after the first bid was rejected.
Millicom has over 29% shares held by Atlas Investissement, with the buyout offer set to close on August 16th.
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La junta de Millicom declina la oferta de compra de $4.4B de Atlas Investissement, citando la subvaloración.