Thailand s Gulf Energy makes $5 4 bln bid for control of nation s biggest mobile operator financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.
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BANGKOK Thailand’s Gulf Energy Development Pcl is planning a $5.4 billion buyout of Intouch Holdings which controls Advanced Info Service Pcl (AIS), the country’s top mobile operator.
Bangkok-based Gulf Energy, which owns 18.9% of Intouch, said in a filing it had offered to buy the rest of the shares for 65 baht per share, 11% higher than its close on Friday.
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The $5.4 billion bid if successful would be the second largest M&A deal in Thai history, behind only Tesco’s $10.6 billion sale of its local operations last March, Dealogic data showed.
Gulf Energy plans $5 4 billion move on Thai mobile operator metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.