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USS Increases KCOM Offer To GBP573 Million, Tops Macquarie Bid

Wed, 10th Jul 2019 17:17

(Alliance News) - KCOM Group Ltd said Wednesday that Universities Superannuation Scheme Ltd, a UK pension scheme for universities and other higher education institutions, has increased its offer for the telecommunications firm.

The scheme is now offering 110 pence per KCOM share, valuing the company at GBP573 million.

This announcement came after Macquarie European Infrastructure Fund 6 SCSp, a unit of Australian investment bank Macquarie Group Ltd, raised its offer for KCOM to 109.5p per share, valuing it at GBP571 million.

Shares in KCOM Group closed 1.2% at 115.40p on Wednesday.

Humber, a subsidiary of Universities Superannuation Scheme Ltd, originally offered 97p per KCOM share in April. This was then topped in early June by Macquarie Infrastructure, who offered 108p. Humber retaliated by upping its offer to 108.5p in July.

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17 Dec 2013 08:14

Tuesday broker round-up UPDATE

Advanced Medical Solutions: Panmure Gordon downgrades from buy to hold with a target price of 102p. Antofagasta: Canaccord Genuity cuts target price from 1110p to 1035p, while staying with its buy recommendation. ASOS: Panmure Gordon increases target price from 5950p to 6126p, while downgrading fr

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28 Nov 2013 10:11

UK BROKER RATING CHANGES: Panmure Raises RPC Group To Buy

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26 Nov 2013 13:30

FTSE 250 movers: BTG makes strong gains after FDA approval

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26 Nov 2013 12:17

UK WINNERS & LOSERS: BTG Leads FTSE 350 Risers On Treatment Approval

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26 Nov 2013 11:28

London midday: Stocks fall as investors await US data

- Thanksgiving holiday to affect trading volumes - BTG jumps after Varithena approval - De La Rue, Mitchells & Butlers, Britvic gain after results - Glencore Xstrata drops on Las Bambas developments techMARK 2,652.61 +0.05% FTSE 100 6,663.62 -0.46% FTSE 250 15,343.14 +0.28% UK stocks headed slight

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26 Nov 2013 10:54

UPDATE 1-KCom profit falls on higher investment; chairman to become CEO

Nov 26 (Reuters) - British telecoms company KCom Group Plc reported a 5.4 percent drop in first-half profit, hurt by increased investment in infrastructure and broadband fibre deployment services in the Hull and East Yorkshire region. KCom Group, which caters to enterprise and public secto

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26 Nov 2013 08:37

KCOM Interim Profit Declines; Splitting Chairman And Chief Executive Roles

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26 Nov 2013 08:31

London open: Stocks head lower ahead of quiet day

- Thanksgiving holiday to affect trading volumes - Britvic, De La Rue, Mitchells & Butlers gain after results - Severn Trent delivers flat first half techMARK 2,647.48 -0.15% FTSE 100 6,682.98 -0.17% FTSE 250 15,321.35 +0.14% UK markets opened slightly lower on Tuesday morning as investors showed

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26 Nov 2013 08:18

Tuesday broker round-up UPDATE

BBA Aviation: Goldman Sachs shifts target price from 420p to 425p and reiterates a buy recommendation. BTG: Numis raises target price from 350p to 440p upgrading from reduce to hold. Cambria Automobiles: Panmure Gordon starts with a target price of 61p and a buy recommendation. Daily Mail & Gener

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26 Nov 2013 08:07

Investment drive eats into KCOM profit

- Interim profit hurt by increased investment - Expects revenue to be hit by up to 5m pounds in regulatory changes - Confident in long-term prospects Hull-based telecoms group KCOM posted a 5.4 per cent decline in first-half profit, as it pumped money into its infrastructure and broadband fibre dep

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26 Nov 2013 07:47

KCom profit falls on higher investment; chairman to become CEO

Nov 26 (Reuters) - British telecoms provider KCom Group Plc reported a 5.4 percent drop in first-half profit, hurt partly by increased investment in infrastructure and broadband fibre deployment services in the Hull and East Yorkshire region. Kcom Group, which caters to enterprise and publ

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26 Nov 2013 07:41

MARKET COMMENT: UK Stocks Set To Open Flat As Investors Offered Little Direction

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25 Nov 2013 17:19

MARKET COMMENT: UK Equities Close Higher With Iran In Focus

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20 Nov 2013 10:14

UK BROKER RATING CHANGES: Barclays Initiates Housebuilders

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13 Nov 2013 11:39

DIRECTOR DEALINGS: KCOM Group CFO, Executive Director Buy Shares

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