The boards of Thailand-based mobile carriers Advanced Info Service and Thaicom have asked shareholders to reject offers from controlling entities to acquire both the firms.In July 2024, power producer Gulf Energy Development, the largest shareholder of Thaicom, and Intouch Holdings, which controls Advance

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Thai telcos Advanced Info, Thaicom want investors to reject offers to acquire them

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The boards of Thailand-based mobile carriers Advanced Info Service (AIS) and Thaicom have asked shareholders to reject offers from controlling entities to acquire both the firms.

Bangkok Post

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AIS, Thaicom want investors to reject offers to acquire them

Call it off: Thai telecom giants reject merger offers on the lineLegacyShareholders of Thai telecom mobile carriers, Advanced Info Service (AIS) and Thaicom, have been advised to hang up on acquisition offers from their controlling entities. The boards are urging a firm “no” to the merger plans proposed by Gulf Energy Development and Intouch Holdings. Back in July, Gulf Energy, the powerhouse investor behind Thaicom, and Intouch Holdings, which …

The Thaiger

Call it off: Thai telecom giants reject merger offers on the line

Thaicom’s board is urging shareholders to reject a takeover bid for the Thai geostationary satellite operator if its stock remains above the share offer. The post Thaicom pushes back against takeover bid appeared first on SpaceNews.

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Thaicom pushes back against takeover bid

File photo for reference only In a dramatic turn for Thailand's telecommunications landscape, shareholders of telecom giants Advanced Info Service (AIS) and Thaicom have been urged to reject acquisition offers from their controlling companies, Gulf Energy Development and Intouch Holdings. The boa...

ASEAN NOW formerly Thai Visa Forum

Thai Telecom Titan Merger Hits Roadblock Amid Shareholder Pushback

Thailand-based AIS advised shareholders to reject a tender from its largest shareholders to acquire it because the offer is significantly lower than its fair valuation. In a stocking market filing, AIS cited an independent financial adviser suggesting shareholders should consider rejecting the offer because the valuation range for its common stock is 8.6 per cent to 35.1 per cent lower than the figure calculated using a market value approach and…

Mobile World Live

AIS seeks higher takeover offer from Gulf, Intouch

TAMPA, Fla. — Thaicom’s board is urging shareholders to reject a takeover bid for the Thai geostationary satellite operator if its stock remains above the 11 baht ($0.32) per share offer until the tender closes Feb. 6. The offer, from Thai billionaire Sarath Ratanavadi, power producer Gulf Energy Development and mobile operator Intouch Holdings, falls within an independent valuation range of 10.94–14.62 baht.  However, Thaicom’s board said in a …

Los Angeles Weekly Times

Thaicom pushes back against takeover bid - Los Angeles Weekly Times

LA PLATA, Maryland — Satellite fleet operator Thaicom and its independent financial advisor are urging shareholders…

Thai telcos Advanced Info, Thaicom want investors to reject offers to acquire them

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