Vodafone-Wind joint offer to buy Forthnet‏ at 1.70-1.90 euros

Vodafone and Wind have submitted a non-binding joint offer to acquire the shares of Forthnet SA

In an announcement to the Athens Stock Exchange, Forthnet said that Vodafone Group Services Ltd and Wind Hellas Telecommunications SA submitted a joint non-binding offer, which is not a public offer according to the Law 3461/2006. The offer concerns the possible acquisition of all Forthnet’s shares at a price ranging between 1.70 and 1.90 euros per share.

Also, the company said through its announcement that there was not any significant development in the non-binding offer submitted by OTE SA for the acquisition of Nova, in July 1, 2014.