Toscafund is currently leading the charge to buy the telecoms group
Thursday 15 Oct 2020 Author: Steven Frazer
Don’t rule out more bidders for embattled telecoms services supplier TalkTalk ( TALK ) . Private equity investor Toscafund has made a 97p per share offer for the business, valuing it at £1.1 billion. While the approach implies a rough 16.5% premium to the stock’s 83.3p level before the announcement, it would cement a five-year run of value destruction for investors. TalkTalk shares traded at more than 400p in...