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flag Millicom board declines Atlas Investissement's $4.4B buyout offer, citing undervaluation.

flag Millicom board rejects Atlas Investissement's $4.4B buyout offer, citing it as undervaluing the company. flag 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. flag Millicom has over 29% shares held by Atlas Investissement, with the buyout offer set to close on August 16th.

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