30th Jul 2018 07:00
2018/12
THE TAKEOVER PANEL
HEARINGS COMMITTEE
THE WALT DISNEY COMPANY ("DISNEY")
TWENTY-FIRST CENTURY FOX INC. ("FOX")
SKY PLC ("SKY")
The Hearings Committee (the "Committee") of the Takeover Panel met today to consider the ruling of the Panel Executive, published in Panel Statement 2018/9, that, following entry into an amended agreement between Disney and Fox announced on 20 June 2018 under which Disney agreed to increase the consideration payable for its acquisition of Fox (after a spin-off of certain businesses) (the "Acquisition"), the price payable by Disney under its obligatory chain principle offer to the holders of ordinary shares in Sky following completion of the Acquisition, would be £14.00 for each ordinary share in Sky. The Committee will deliver its decision as soon as reasonably practicable.
27 July 2018
Related Shares:
Sky