The board and supervisory board of Telefonica Deutschland have recommended that the shareholders of the German mobile phone provider accept the takeover offer from the Spanish parent company.
The board of directors and supervisory board considered the offer to be appropriate from a financial perspective, according to a statement. The Spanish Telefonica SA is offering 2.35 euros per Telefonica Deutschland share. The period for accepting the offer began on December 5th and is expected to end on January 17th.
Via XETRA, the O2 share temporarily remains unchanged at 2.35 euros.
FRANKFURT (Dow Jones)
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