Atlas Luxco Says It Is Disappointed By Renewed Negative Recommendation Issued By Millicom's Independent Committee
Portfolio Pulse from Benzinga Newsdesk
Atlas Luxco expressed disappointment over Millicom's independent committee's renewed negative recommendation. Atlas has increased its offer price for Millicom shares and Swedish Depositary Receipts to USD 25.75, a 7.3% increase from the initial offer. The offer expires on August 16, 2024.
August 13, 2024 | 9:40 am
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Atlas Luxco has increased its offer price for Millicom shares to USD 25.75, a 7.3% increase, despite a negative recommendation from Millicom's independent committee. The offer expires on August 16, 2024.
The increased offer price by Atlas Luxco is likely to positively impact Millicom's stock price in the short term as it represents a 7.3% premium over the initial offer. However, the negative recommendation from Millicom's independent committee may temper some of the positive sentiment.
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