Latest Share Chat

TALK.L Share News (TALK)

TALK.L Information

There is currently no data for TALK

TalkTalk Receives Deadline Extension For Toscafund Takeover Offer

Thu, 03rd Dec 2020 13:20

(Alliance News) - TalkTalk Telecom Group PLC on Thursday said it has been granted a extension to December 17 of the deadline for Toscafund Asset Management LLP to announce a firm intention to either make a takeover offer for TalkTalk or walk away.

Back in October, the telecommunications provider based in Salford, England-based received a preliminary and non-binding cash offer from Toscafund for its entire share capital at a price of 97 pence per share.

Shares in TalkTalk were down 0.3% at 94.40 pence in London on Thursday. The stock is down 19% so far in 2020.

TalkTalk had previously obtained permission from the Panel on Takeovers & Mergers to extend the deadline to December 3 from November 5.

The company said that "commercial discussions and due diligence are progressing" with London-based Toscafund.

By Zoe Wickens; zoewickens@alliancenews.com

More News

15 Jul 2022 14:44

Virgin Media O2 in early talks to buy TalkTalk - report

(Sharecast News) - Virgin Media O2 is reportedly in early talks to buy TalkTalk in a deal that would strengthen the broadband-to-streaming company's challenge to the dominance of BT.

6 Jun 2022 13:23

JP Morgan thinks risk-reward for equities will likely improve going into 2H

(Sharecast News) - Equity strategists at JP Morgan sounded a relatively upbeat note on the outlook for stocks globally.

17 Apr 2022 17:10

Sunday newspaper round-up: Twitter, M&S, TalkTalk

(Sharecast News) - Elon Musk has begun discussions with possible partners for a bid on Twitter after the iconic social media outfit put in place a so-called 'poison pill' in an attempt to thwart a mooted Â£33bn takeover. That stratagem was preceded by Twitter's rejection of an offer from Musk last Friday worth $54.20 a share. The pill would be activated should Musk take his own stake over the 15% threshold. - Sunday Times

28 Sep 2021 08:20

Ofcom brings in new broadband switching rules

(Sharecast News) - British broadband customers will be able to switch providers more easily under a new service to be introduced by media regulator Ofcom.

10 Mar 2021 13:20

IN BRIEF: Court sanctions Tosca IOM takeover of TalkTalk Telecom

2 Mar 2021 06:31

IN BRIEF: TalkTalk to be delisted on March 15 as takeover approved

22 Feb 2021 16:08

UK Shareholder Meetings Calendar - Next 7 Days

5 Feb 2021 08:35

TalkTalk Telecom Takeover By Toscafund, Penta To Complete Next Month

2 Feb 2021 14:21

IN BRIEF: Mirriad Hires Former TalkTalk Exec Philip Mattimoe As CTO

28 Jan 2021 10:50

TalkTalk Upsizes Oversubscribed Additional Offering To GBP110 Million

26 Jan 2021 10:19

TalkTalk Adds GBP100 Million In 3.875% Senior Notes To Existing Notes

13 Jan 2021 11:49

IN BRIEF: STV Annual Profit To Beat Expectations, Appoints Chair-Elect

18 Dec 2020 09:44

UK BROKER RATINGS SUMMARY: Smith & Nephew And WPP Get Upgrades

17 Dec 2020 11:03

UPDATE 1-Toscafund to buy UK broadband firm TalkTalk in 1.1 bln stg deal

* TalkTalk recommends 97 pence-a-share offer* Buyers say TalkTalk has a brighter future as a private company* Chairman Dunstone says will continue to be major shareholder (Adds details, quotes, shares)By Paul SandleLONDON, Dec 17 (Reuters) - Briti...

17 Dec 2020 10:30

Latest Share Chat

TALK.L Share News (TALK)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TalkTalk Receives Deadline Extension For Toscafund Takeover Offer

Login to your account

Quickpicks are a member only feature

Login to your account