It is the second time that a potential acquirer has deserted its pursuit of T-Mobile US Inc (NYSE:TMUS), as Iliad SA (EPA:ILD) withdraws its offer to acquire the telephone maker. This is the second company after Sprint Corporation (NYSE:S) to abandon its acquisition of the fourth-largest mobile carrier in the U.S. Earlier, Deutsche Telekom AG…
Iliad SA (ILD) to Make a New Bid for T-Mobile US Inc (TMUS) by Mid-October
In its attempt to purchase Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY)’s T-Mobile US Inc (NYSE:TMUS), Iliad SA (EPA:ILD) is likely to renew its bid by mid-October or get out of the deal accordingly. Iliad is likely to make a new bid of $35 to $40 per share for anywhere near 60 percent to 90 percent of…
Iliad SA (ILD) Is Making Another Move on T-Mobile US Inc (TMUS) Bid
After making a failed attempt to purchase Deutsche Telekom AG (DTE)’s T-Mobile US Inc (NYSE:TMUS) unit, Billionaire Xavier Niel’s Iliad SA (EPA:ILD) is making another move by talking with other buyout firms to improve the offer for the German company. In an article published on businessweek.com, Iliad SA (EPA:ILD) is focusing on offering better valuation…