Denmark's TDC gets takeover approach, scraps MTG deal - CBS46 News

Denmark's TDC gets takeover approach, scraps MTG deal

Posted: Updated:
  • NationalMore>>

  • After school shooting, Florida leaders propose new gun laws

    After school shooting, Florida leaders propose new gun laws

    Friday, February 23 2018 5:08 PM EST2018-02-23 22:08:33 GMT
    (Mike Stocker/South Florida Sun-Sentinel via AP). Mourners attend the funeral service for Marjory Stoneman Douglas High School assistant football coach, Aaron Feis. at the Church by the Glades in Coral Springs, Fla., Thursday, Feb. 22. 2018. Football p...(Mike Stocker/South Florida Sun-Sentinel via AP). Mourners attend the funeral service for Marjory Stoneman Douglas High School assistant football coach, Aaron Feis. at the Church by the Glades in Coral Springs, Fla., Thursday, Feb. 22. 2018. Football p...
    'Abject breakdown on all levels': Florida high school where ex-student accused of fatally shooting 17 people reopening to teachers Friday amid revelations an armed officer on campus did nothing to stop suspect,...More >
    'Abject breakdown on all levels': Florida high school where ex-student accused of fatally shooting 17 people reopening to teachers Friday amid revelations an armed officer on campus did nothing to stop suspect, other issues.More >
  • Police experts urge intensive training if teachers are armed

    Police experts urge intensive training if teachers are armed

    Friday, February 23 2018 5:08 PM EST2018-02-23 22:08:04 GMT
    (Mike Stocker/South Florida Sun-Sentinel via AP). A bicyclist rides past a sign at  Marjory Stoneman Douglas High School on Friday, Feb. 23, 2018 in Parkland, Fla. Teachers and administrators returned for the first time  since the Valentine's Day shoot...(Mike Stocker/South Florida Sun-Sentinel via AP). A bicyclist rides past a sign at Marjory Stoneman Douglas High School on Friday, Feb. 23, 2018 in Parkland, Fla. Teachers and administrators returned for the first time since the Valentine's Day shoot...
    Law enforcement experts say it takes specialized and constant training to know how to act in an active shooter situation.More >
    Law enforcement experts say it takes specialized and constant training to know how to act in an active shooter situation.More >
  • Second judge says Trump can't keep stalling clean-air rules

    Second judge says Trump can't keep stalling clean-air rules

    Friday, February 23 2018 5:06 PM EST2018-02-23 22:06:59 GMT
    A second federal judge has rejected the Trump administration's efforts to delay an Obama-era regulation aimed at restricting harmful methane emissions from oil and gas production on federal lands.More >
    A second federal judge has rejected the Trump administration's efforts to delay an Obama-era regulation aimed at restricting harmful methane emissions from oil and gas production on federal lands.More >

HELSINKI (AP) - Danish telecoms company TDC Group said Monday it received a sweetened bid from an Australian-Danish consortium for all of its shares. That led it to call off its own $2.5 billion takeover plan of Sweden's Modern Times Group's broadcasting and entertainment operations.

The Copenhagen-based company said it urged investors to back the cash offer of about 40 billion Danish kronor ($6.7 billion) from Australia's Macquarie and three Danish pension funds.

TDC, formerly known as Tele Danmark Communications, had last week rejected a $6 billion takeover from the same consortium which is pledging to make substantial investments into the company's network infrastructure.

TDC is owned by Danish and international investors. It announced Feb. 1 a bid for MTG Nordic Entertainment and MTG Studios to combine the two companies' operations into a pan-Nordic provider of TV and internet services.

However, investors had raised questions about the MTG deal last week when the Australian-Danish consortium launched its initial bid.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.