Telefonica Deutschland Holding AG said that its Management Board and the Supervisory Board issued their Joint Reasoned Statement on the voluntary public acquisition offer by Telefonica Local Services GmbH, of which Telefonica, S.A. is the sole shareholder, for all shares of Telefonica Deutschland not directly held by Telefonica Local Services against a cash consideration of 2.35 euros per share.
The Management Board and the Supervisory Board of Telefonica Deutschland consider the offer to be fair from a financial point of view, the company said.
The acceptance period for the Offer has commenced with the publication of the offer document on 20 March 2024, and is expected to expire on 18 April 2024.
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