Alternative Mexican fixed line and broadband provider Maxcom Telecomunicaciones has given the nod to MXN764 million (USD59 million) takeover bid tabled by private equity firm Ventura Capital Privado, Bloomberg reports. Under the terms of Ventura’s proposal it has offered to pay MXN2.90 per share for the entire holding in Maxcom, with the operator’s board and investors – which represent 44% of outstanding stock – having now approved the deal.
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OVETEL Maxcom board gives nod to USD59m takeover by private equity firm
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