Millicom shares are trading higher after the company said Atlas' $24/share offer undervalues the company and would not be in its best interests.
Portfolio Pulse from Benzinga Newsdesk
Millicom shares are trading higher after the company stated that Atlas' $24/share offer undervalues the company and would not be in its best interests.
June 28, 2024 | 11:09 am
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POSITIVE IMPACT
Millicom (TIGO) shares are trading higher after the company rejected Atlas' $24/share offer, stating it undervalues the company.
The rejection of the offer suggests that Millicom believes its intrinsic value is higher than $24/share, which has positively influenced investor sentiment, leading to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100