August 29, 2018 / 4:59 PM / 3 months ago

Activist Elliott argues Disney should pay 15.01 pounds/share for Sky

LONDON, Aug 29 (Reuters) - Activist investor Elliott has argued that Walt Disney should have to pay at least 15.01 pounds a share to acquire Sky if it is forced to buy the British broadcaster, the UK's takeover regulator said on Wednesday.

The Takeover Panel disclosed Elliott's arguments in a statement in which the regulator detailed why it last month set the level of any Disney offer for Sky at 14 pounds a share and rejected the activist's valuation.

Disney would only be forced to make such an offer if it completes a deal to buy Twenty-First Century Fox's TV and film assets, which include a 39 percent stake in Sky, before either Fox or rival suitor Comcast have managed to take control of the Sky.

Reporting by Ben Martin; Editing by Kirsten Donovan

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below