{"id":87050,"date":"2020-10-02T16:27:38","date_gmt":"2020-10-02T16:27:38","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=298125"},"modified":"2020-10-02T16:27:38","modified_gmt":"2020-10-02T16:27:38","slug":"masmovil-investor-appeals-takeover-clearance","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/10\/02\/masmovil-investor-appeals-takeover-clearance\/","title":{"rendered":"Masmovil investor appeals takeover clearance"},"content":{"rendered":"

<\/p>\n

\tMinority Masmovil shareholder Polygon Global Partners filed an appeal with a Spanish court challenging an earlier decision by the country\u2019s stock market regulator to approve a takeover of the operator.<\/p>\n

In a statement, the investor said it lodged the appeal with Audiencia Nacional, a centralised court in Spain, seeking to overturn the National Securities Market Commission’s (CNMV) clearance of a proposed \u20ac2.96 billion acquisition [1] by Lorca Telecom BidCo.<\/p>\n

Polygon Global Partners previously described the bidding price as not equitable in the face of the Covid-19 (coronavirus) pandemic and claimed the offer aimed to discourage alternative bids.<\/p>\n

After lodging concerns with CNMV on these grounds, the UK-based investment company addressed its concerns in a letter to Masmovil chairman [2] Eduardo Diez Hochleitner Rodriguez.<\/p>\n

Despite the efforts, a majority of shareholders last month backed the deal [3], which is now pending other regulatory approvals prior to finalisation.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/masmovil-board-backs-e3b-takeover-bid
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/masmovil-shareholder-ups-heat-over-buyout-bid
\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/masmovil-buyout-backed-by-majority-of-shareholders<\/p>\n\n

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Minority Masmovil shareholder Polygon Global Partners filed an appeal with a Spanish court challenging an …<\/p>\n

The post Masmovil investor appeals takeover clearance<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":211,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Masmovil investor appeals takeover clearance - ITTeacherITFreelance.hk","description":"Minority Masmovil shareholder Polygon Global Partners filed an appeal with a Spanish court challenging an ... The post Masmovil investor appeals takeover cleara"},"footnotes":""},"categories":[11,8],"tags":[5603],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/87050"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/211"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=87050"}],"version-history":[{"count":2,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/87050\/revisions"}],"predecessor-version":[{"id":88013,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/87050\/revisions\/88013"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=87050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=87050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=87050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}