|Bid||1.3240 x 1000000|
|Ask||1.3880 x 1000000|
|Day's Range||1.3280 - 1.3280|
|52 Week Range||0.6220 - 1.3280|
|Beta (3Y Monthly)||0.39|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.06 (4.31%)|
|1y Target Est||N/A|
Macquarie unit MEIF 6 Fibre Ltd is to buy KCOM Group Plc in a deal that values the British telecoms company at 627 million pounds ($787.5 million), ending a bidding war with a UK pension fund. The high value of the deal reflects the appeal of KCOM's prized full-fibre network, an attractive asset to firms looking to build a presence in the sector without spending on new infrastructure roll-out. Founded in 1899 as the telephone department in Hull Municipal Corporation, KCOM now offers managed network and cloud-based services across the United Kingdom.
Humber Bidco would pay 97 pence per KCOM share in cash, a premium of almost 34 percent. KCOM's directors intend to urge shareholders to vote in favour of the deal which they called "fair and reasonable", USSL said.
(Reuters) - PrimeStone Capital, KCom Group's second biggest shareholder, cut its stake in the British telecoms company by more than half to 3.86 percent, a filing showed on Thursday. Activist hedge fund ...