Technicolor Board Backs JP Morgan Offer, Opposes Vector's Offer
30 Maio 2012 - 3:15AM
Dow Jones News
The board of Technicolor (TCH.FR), a troubled French cinema
production services provider and manufacturer of television set-top
boxes, on Wednesday recommended that shareholders approve a cash
injection offered by JP Morgan Chase & Co. (JPM) and reject a
rival offer made by U.S. investment fund Vector Capital Group.
The board said JP Morgan's offer to increase the capital of
Technicolor by EUR158 million has more potential to create value in
the long run than the EUR186 million offer from Vector.
Shareholders of Technicolor are due to meet on June 20 to
discuss the offers.
Technicolor would use the proceeds of a capital increase to
reduce its debt and implement a strategy plan to boost its business
abroad.
-By Inti Landauro, Dow Jones Newswires; +33 1 4017 1740;
inti.landauro@dowjones.com
Valor Comm (NYSE:VCG)
Gráfico Histórico do Ativo
De Jul 2024 até Jul 2024
Valor Comm (NYSE:VCG)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024
Notícias em tempo-real sobre Valor Comm Grp da New York Stock Exchange bolsa de valores: 0 artigos recentes
Mais Notícias de Valor Comm