TDC backs away from MTG deal after new bidder emerges

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(Telecompaper) Denmark’s TDC Group intends to withdraw its recommendation for merging the company with MTG Nordic Entertainment and MTG Studios. TDC said it has been approached by a potential bidder for all of its shares, and that if this party does indeed go ahead and make an offer, the board of directors would withdraw its backing for the earlier agreed transaction with MTG. TDC said there can be no certainty that the discussions will in fact lead to the potential bidder making an offer.
Source: Industry News (syndicated from Telecompaper.com)

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