|Bid||0.0000 x 10000000|
|Ask||0.0000 x 10000000|
|Day's Range||1.2680 - 1.2900|
|52 Week Range||0.6190 - 1.3160|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|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.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Facebook Inc could pay as much as ...
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.