- Portugal Telecom (PT) has agreed to merge with Brazilian affiliate Oi SA (OIBR) in an all-stock deal that will create a company with 100M subscribers.
- PT shareholders will hold 38% of the new firm, to be temporarily called CorpCo. Oi CEO Zeinal Bava will head the company.
- The operators have a combined market cap of over $7B.
- PT +15.8%, OIBR +16.2% premarket (PR)
From other sites
at CNBC.com (Dec 1, 2014)
at CNBC.com (Oct 20, 2014)
at CNBC.com (Oct 9, 2014)
at CNBC.com (Aug 29, 2014)
at CNBC.com (Aug 27, 2014)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs