Millicom Says Independent Committee Believes Atlas' $24 Per Share Offer Significantly Undervalues Company And Not In The Best Interests Of Shareholders
Portfolio Pulse from Benzinga Newsdesk
Millicom's independent committee has stated that Atlas' $24 per share offer significantly undervalues the company and is not in the best interests of shareholders.
June 27, 2024 | 9:19 pm
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Millicom's independent committee has rejected Atlas' $24 per share offer, stating it significantly undervalues the company and is not in the best interests of shareholders.
The rejection of the offer suggests that Millicom believes its intrinsic value is higher than $24 per share, which could lead to a positive short-term impact on the stock price as investors may anticipate a higher future offer or improved company performance.
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