PCCW tables details of enhanced offer

PCCW explains to minority shareholders why the enhanced $3.93 billion take-private proposal, up 7% in value from the November offer, is reasonable.

PCCW yesterday provided details of the 7% price increase to HK$4.50 $0.58 per share it is offering shareholders to take the company private.

Hong Kong telecommunications firm PCCW will hold an extraordinary general meeting on February 4 to vote on the new proposal. The price increase was first communicated to shareholders on the morning of December 30, the day PCCW had scheduled an EGM to vote on an earlier proposal to buy all minority shares outstanding at HK$4.20...

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