Seeking Alpha

Orange falls on report of stalled Bouygues-Iliad talks

  • Merger talks between Orange (ORAN -1.9%) rivals Iliad and Bouygues are "at a standstill" due to a massive gap in Bouygues' perceived value, Bloomberg reports. Whereas Iliad is offering €4B-€5B, Bouygues wants €7B-€8B.
  • Orange was recently reported to have hired banks to weigh a Bouygues bid of its own, and the latter company has admitted holding early-stage talks with the former. But an Iliad-Bouygues deal is viewed as easier for regulators to stomach.
  • Reports EU regulators are set to approve Telefonica's bid for German rival E-Plus (following concessions) could suggest Brussels is willing to sign off on French consolidation, depending on the details.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
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