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.

August 12, 2024
3 Articles