Polygon s Communication on the Results of the Offer on Orange Belgium
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LONDON, April 27, 2021 /PRNewswire/ Polygon Global Partners LLP is the investment manager for the Polygon European Equity Opportunity Master Fund and certain client accounts which collectively are the holders of 5.29% of Orange Belgium s (Ticker: OBEL) total share capital.
Today Orange SA published the results of its voluntary offer on Orange Belgium.
Orange SA now holds 74.68% of Orange Belgium s share capital.
Orange SA has decided to exercise its right to re-open the offer for five trading days.
Polygon still owns 5.29% of Orange Belgium share capital. Polygon has indeed not tendered its shares into the voluntary offer and does not intend to tender its shares into the re-opened offer.
Orange Belgium S A : Polygon s Communication on the Results of the Offer on Orange Belgium marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Polygon Response to the Orange Belgium Financial Expert Report
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LONDON, April 12, 2021 /PRNewswire/ Polygon Global Partners LLP is the investment manager for the Polygon European Equity Opportunity Master Fund and certain client accounts which collectively are the holders of 5.29% of Orange Belgium s (Ticker: OBEL) total share capital.
As indicated in its Open Letter to the Board of Directors of Orange Belgium of 7 December 2020 and its public release of 1 February 2021, Polygon believes that Orange SA s offer of €22 per share substantially undervalues Orange Belgium on a standalone basis.
Degroof Petercam (DP) has recently prepared an independent financial expert report at the direction of the independent directors of Orange Belgium, which in contrast concludes that the €22 per share offer does not disregard the interests of the minority shareholders. Polygon has reviewed this report and believes that DP s analysis fa
Polygon Response to the Orange Belgium Financial Expert Report prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Polygon Announcement on Orange Belgium Valuation
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LONDON, Feb. 17, 2021 /PRNewswire/ Polygon Global Partners LLP is the investment manager for the Polygon European Equity Opportunity Master Fund and certain client accounts which collectively are the holders of 5.29% of Orange Belgium s (Ticker: OBEL) total share capital.
As indicated in its press release dated 1 February 2021, Polygon has hired investment bank Ondra as its financial advisor in relation to Orange SA s announcement (as published by the Belgian Financial Services and Markets Authority on 21 January 2021) of its intention to launch a voluntary conditional public takeover bid on all the shares of Orange Belgium that it does not yet own. Ondra has been carrying out a valuation of Orange Belgium, the results of which have now been communicated to Polygon.