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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Orange. | EU:ORA | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.175 | 1.64% | 10.855 | 10.81 | 10.89 | 10.90 | 10.71 | 10.715 | 6,782,584 | 16:40:00 |
From Apr 2019 to Apr 2024
By Mauro Orru
Orange said Tuesday that it has launched a takeover bid for its Belgian subsidiary Orange Belgium SA at a price of 22 euros ($26.21) a share.
The French telecommunication company said it launched the offer on April 8, nearly four months after it unveiled plans for a bid at EUR22 a share valuing Orange Belgium at around 1.32 billion euros ($1.57 billion) in its entirety.
Orange holds almost 53% in Orange Belgium, according to FactSet.
"Orange does not intend to change the price of its offer and considers that this transaction offers all shareholders of Orange Belgium a unique opportunity to monetize their equity interest on attractive terms," the company said in a statement.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
April 13, 2021 03:06 ET (07:06 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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