Millicom (Tigo) updates on the conditions for its ongoing share repurchase activity
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Millicom (Tigo) has announced that due to Swedish regulatory considerations, it will not repurchase SDRs or U.S. Shares above USD 25.75 until March 2, 2025. This price aligns with the offer made by Atlas Luxco S.à r.l in its public takeover bid earlier this year.
December 17, 2024 | 4:00 pm
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Millicom (Tigo) will not repurchase shares above $25.75 until March 2, 2025, due to Swedish regulatory considerations. This aligns with Atlas Luxco's earlier takeover offer.
The announcement limits the price at which Millicom can repurchase its shares, aligning with a previous takeover offer. This regulatory constraint may stabilize the share price around the offer price, but it does not indicate a significant short-term price movement.
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