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Case
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Reference no. IMD-1-0356
Published by: International Institute for Management Development (IMD)
Originally published in: 2012
Version: 11.06.2013
Length: 15 pages
Data source: Published sources

Abstract

This is part of a case series. In February 2007, Sonaecom revised their bid to EUR10.50 per share. Less than one week later, the PT Board wrote to its shareholders maintaining the rejection of this new offer. So far, most shareholders had not manifested their views publicly. PT had been fighting hard for its independence. But would economic conditions be right for Sonaecom's takeover bid to succeed? What would it take to convince shareholders to accept? PT's international roadshow was reaching an end. How would investors react to all this information? Was it time for PT to sit down with Sonaecom?
Location:
Industry:
Size:
2006 Sales - Portugal Telecom EUR6.34 billion, Sonaecom EUR0.87 billion
Other setting(s):
2006-2007

About

Abstract

This is part of a case series. In February 2007, Sonaecom revised their bid to EUR10.50 per share. Less than one week later, the PT Board wrote to its shareholders maintaining the rejection of this new offer. So far, most shareholders had not manifested their views publicly. PT had been fighting hard for its independence. But would economic conditions be right for Sonaecom's takeover bid to succeed? What would it take to convince shareholders to accept? PT's international roadshow was reaching an end. How would investors react to all this information? Was it time for PT to sit down with Sonaecom?

Settings

Location:
Industry:
Size:
2006 Sales - Portugal Telecom EUR6.34 billion, Sonaecom EUR0.87 billion
Other setting(s):
2006-2007

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