Pursuant to market rumours, Eutelsat Communications (Euronext Paris: ETL) confirms that it has received an unsolicited, preliminary and non-binding proposal from Patrick Drahi in connection with a potential transaction on all of the company’s share capital. The relevant governance bodies of Eutelsat Communications have unanimously decided not to engage in discussions based on the terms of this proposal.
Eutelsat Communications (Euronext Paris: ETL) confirms that the proposal received from Mr. Patrick Drahi - and rejected unanimously by the relevant governance bodies of the company - prices Eutelsat at 12.10 euros per share, all dividend attached.
Source: Eutelsat Press Release