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. . It comes more than two months after the broadband provider first said it was in talks about the sale.
TalkTalk would be removed from the London Stock Exchange if the takeover is supported by the directors
ONE of the kings of the city takeover today launched an £ 11 billion bid for TalkTalk, the company co-founded by mobile phone mogul Sir Charles Dunstone Toscafund, led by Martin Hughes - dubbed "the Rottweiler '- has a habit of launching takeover bids for companies he believes are undervalued by the stock exchange and privatizing them Today's 97 pence cash offer for TalkTalk has been well received by the board of directors of the telecommunications company, which said it had "agreed to move the proposal forward"
Toscafund's 97p share offering is considerably lower than the 135p it would have offered last year
Shares of TalkTalk undefined jumped 11% to 94 pence after announcing Toscafund Asset Management made a non-binding offer of 97 pence per share to buy it on