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Bharti-MTN deal termination: How will the stock react?

Posted on: October 1st 2009 in Market News.

The much-anticipated deal between India’s Bharti and South Africa’s MTN has botched yet again. On the news of termination, MTN shares fell 3% from the day’s high, to close down 1%. Rand fell over 2% versus dollar. The company has requested the SA exchanges to suspend tradin…

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Stocks in news: HDIL, Tata Motors, RIL, Essar Oil, PTC

Posted on: June 2nd 2009 in Press Releases.

Results today: HPCL Bharti-MTN -Exclusive: Sunil Mittal says no proposal to revise offer for MTN right now, to remain in talks till July 31 -MTN institutional investors eye Bharti raising MTN bid to ZAR 200/share RIL – From NW18 -DGH (directorate general of hydrocarbons) object…

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Bharti to pay Rs 300 billion more for MTN?

Posted on: May 29th 2009 in Press Releases.

Contrary to assertions by Bharti Airtel’s management, the share-swap deal with South African telecom major MTN may trigger the open offer clause, according to a senior official in the Securities and Exchange Board of India. Sebi has based its assessment on Bharti Airtel’s off…

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MTN deal would be good for Bharti shareholders: Experts

Posted on: May 25th 2009 in Press Releases.

Early on Monday morning, India’s leading telecom company Bharti Airtel announced it had renewed its effort for a significant partnership with MTN Group Limited and is exploring a potential transaction whereby, pursuant to a scheme of arrangement, Bharti would acquire a 49% shareholding …

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