Eutelsat rebuffs takeover offer, but could company receive follow-on proposals?

Satellite operator’s stock jumps 15% in value in wake of offer

In the wake of Eutelsat’s (EPA: ETL) rejection of a $3.2 billion takeover offer from businessman Patrick Drahi, it could receive overtures from other players. The France-based satellite operator confirmed in a statement today that it received the proposal, declining further comment. The announcement noted that Drahi offered 12.10 euros ($14.01), a 17.5% premium over […]

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