Munich \u2014 Kirk\u00adland & Ellis is advi\u00adsing cable network opera\u00adtor Tele Colum\u00adbus on a public take\u00adover offer by Kublai GmbH, a bidding company of Morgan Stan\u00adley Infra\u00adstruc\u00adture Partners.<\/p>\n
Kublai has announ\u00adced its inten\u00adtion to acquire Tele Colum\u00adbus for 3.25 euros per share. The accep\u00adtance period for the offer is to be six weeks. Subject to regu\u00adla\u00adtory appr\u00adovals, the take\u00adover offer is expec\u00adted to be comple\u00adted in the second quar\u00adter of 2021. The main condi\u00adti\u00adons of the offer are a mini\u00admum accep\u00adtance thres\u00adhold of 50 percent, waivers by bond\u00adhol\u00adders and credi\u00adtors of termi\u00adna\u00adtion rights due to change of control in suffi\u00adci\u00adent numbers, and regu\u00adla\u00adtory approvals.<\/p>\n
An extra\u00ador\u00addi\u00adnary share\u00adhol\u00adders\u2019 meeting of Tele Colum\u00adbus on Janu\u00adary 20, 2021 is also expec\u00adted to approve a rights issue in the amount of EUR 475 million, which will be guaran\u00adteed by Kublai.<\/p>\n
As the anchor share\u00adhol\u00adder, United Inter\u00adnet AG supports the take\u00adover bid and has announ\u00adced its inten\u00adtion to contri\u00adbute a mino\u00adrity stake of around 29.90 percent to the bidder company if the take\u00adover bid is successful. \u2014 The take\u00adover bid was prece\u00added by a multi-stage bidding process initia\u00adted by Tele Columbus.<\/p>\n
Advi\u00adsors to Tele Colum\u00adbus: Kirk\u00adland & Ellis<\/strong> Munich<\/p>\n Dr. Achim Herfs (Corporate\/M&A, lead), Wolf\u00adgang Nardi (Finance), Dr. Anna Schwan\u00adder (Capi\u00adtal Markets), Tim Volk\u00adhei\u00admer (London, Capi\u00adtal Markets); Asso\u00adcia\u00adtes: Vanessa Schmie\u00adding, Ange\u00adlina Seel\u00adbach (both Corporate\/M&A), Dr. Tamara Zehen\u00adt\u00adbauer (Capi\u00adtal Markets) and Fabrice Hipp (Finance)<\/p>\n Advi\u00adsor United Inter\u00adnet: Henge\u00adler Mueller About Kirk\u00adland & Ellis<\/strong> Munich \u2014 Kirk\u00adland & Ellis is advi\u00adsing cable network opera\u00adtor Tele Colum\u00adbus on a public take\u00adover offer by Kublai GmbH, a bidding company of Morgan Stan\u00adley Infra\u00adstruc\u00adture Part\u00adners. Kublai has announ\u00adced its inten\u00adtion to acquire Tele Colum\u00adbus for 3.25 euros per share. The accep\u00adtance period for the offer is to be six weeks. Subject to [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":36452,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1368,1369,1372],"tags":[],"class_list":["post-43380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-investors","category-consultant","news-category-deals-news-en"],"yoast_head":"\n
\n<\/strong>
\nPart\u00adners Dr. Daniela Favoc\u00adcia, Dr. Lucina Berger (both Lead, Corporate\/M&A), Dr. Wolf\u00adgang Gro\u00df (Corporate\/ECM) and Dr. Johan\u00adnes Tieves (Finan\u00adcing) as well as Asso\u00adcia\u00adtes Dr. Jan H\u00e4ller, Dr. Arvid Morawe (both Corporate\/M&A) (all Frank\u00adfurt), Mauritz Rogier (M&A) and Dr. Cars\u00adten Bormann (Public Commer\u00adcial Law) (both<\/p>\n
\nWith more than 2,700 lawy\u00aders in 15 offices world\u00adwide, Kirk\u00adland & Ellis is one of the leading inter\u00adna\u00adtio\u00adnal commer\u00adcial law firms. The Munich team provi\u00addes focu\u00adsed advice in the areas of private equity, M&A, corpo\u00adrate, capi\u00adtal markets, restruc\u00adtu\u00adring, finan\u00adcing and tax law.<\/p>\n","protected":false},"excerpt":{"rendered":"