12th Oct 2018 08:55
PHILADELPHIA (Alliance News) - Comcast Corp said Thursday it will shortly despatch formal compulsory acquisition notices to Sky PLC shareholders who have not yet accepted its mandatory offer to buy the company.
The notices will set out Comcast's intention to acquire compulsorily any remaining Sky shares in respect of which the mandatory offer has not been accepted on the same terms as the mandatory offer.
On Tuesday, Comcast announced its mandatory offer for Sky became wholly unconditional.
Comcast said that as of the close of business in London on Thursday, it had received valid acceptances under the mandatory offer in respect of, or had otherwise acquired, 1.64 billion Sky shares representing about 95.32% of its issued share capital.