TDC would pull out of MTG deal if approach for all its share leads to firm bid

(Telecompaper) Sweden’s Modern Times Group (MTG) said that Denmark’s TDC Group intends its withdraw recommendation of the combination of MTG Nordic Entertainment and MTG Studios with TDC. TDC said it has been approached by a potential bidder for all of its shares, and that if this party does indeed go ahead and make an offer, the board of director would withdraw its recommendation of the transaction with MTG. TDC said there can be no certainty that the discussions will in fact lead to the potential bidder making an offer. …read more

Source:: TelecomPaper