Millicom Confirms Receiving Non-Binding Expression Of Interest From One Of Its Shareholders, Atlas Luxco At $24/Share
Portfolio Pulse from Benzinga Newsdesk
Millicom has received a non-binding expression of interest from its shareholder, Atlas Luxco, for a potential all-cash tender offer at $24 per share. Atlas is exploring financing options to support this offer.
May 23, 2024 | 8:32 pm
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Millicom ($TIGO) has received a non-binding expression of interest from Atlas Luxco for a potential all-cash tender offer at $24 per share. Atlas is exploring financing options to support this offer.
The news of a potential all-cash tender offer at a premium price of $24 per share is likely to positively impact Millicom's stock price in the short term. Investors may see this as a vote of confidence and a potential opportunity for a buyout.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100