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KPN Koninklijke KPN NV

3.363
0.00 (0.00%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Koninklijke KPN NV EU:KPN Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.363 3.35 3.38 0.00 01:00:00

Royal KPN Rejects Takeover Offers by KKR and EQT-Stonepeak

03/05/2021 7:14am

Dow Jones News


Koninklijke KPN NV (EU:KPN)
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   By Kim Richters 
 

Royal KPN NV said it has rejected an unsolicited takeover offer by private-equity firms EQT AB and Stonepeak Infrastructure Partners, and a separate one by investment firm KKR & Co.

"The boards concluded to reject both unsolicited approaches as they did not provide tangible and material added value to KPN's widely supported new strategy," the Dutch telecommunications company said Sunday, adding that there haven't been and are no negotiations with the suitors.

EQT, Stonepeak and KKR didn't immediately respond to a request for comment Monday.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

May 03, 2021 01:59 ET (05:59 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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