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KKPNY Royal KPN NV (PK)

3.67
-0.02 (-0.54%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Royal KPN NV (PK) USOTC:KKPNY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.02 -0.54% 3.67 3.65 3.72 3.7129 3.67 3.69 641,791 21:10:19

Royal KPN Rejects Takeover Offers by KKR and EQT-Stonepeak

03/05/2021 7:14am

Dow Jones News


Royal KPN NV (PK) (USOTC:KKPNY)
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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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