'Telecom Tycoon Niel Raises Bid for Millicom to $4.4 Billion' - Bloomberg
Portfolio Pulse from Benzinga Newsdesk
Billionaire Xavier Niel has increased his bid for Millicom International Cellular SA to $4.4 billion, offering $25.75 per share in cash. This follows Millicom's rejection of an earlier $24 per share bid.
August 02, 2024 | 2:59 pm
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Xavier Niel has increased his bid for Millicom International Cellular SA to $4.4 billion, offering $25.75 per share in cash. This follows Millicom's rejection of an earlier $24 per share bid.
The increased bid from Xavier Niel is likely to positively impact Millicom's stock price in the short term as it reflects a higher valuation and increased interest from a significant investor.
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