Nordic Telephone Company (NTC), a private equity consortium led by Apax, has finally announced an agreed cash bid for TDC, valuing the Danish telecoms group at $12bn.
TDC’s board said it would recommend the bid, but the agreement does not rule out the telecoms group’s freedom to consider an alternative offer.
Please God, let's hope this is the end of the saga and TDC can stop hogging the business press and get back to being the relatively uninteresting regional phone company that it is.
GE test-flies the world's largest jet engine
34 minutes ago