DENMARK - Consortium pushes through squeeze out of TDC shareholders
The consortium buying TDC can apply for a delisting of the company following today's general meeting, according to press reports.
90.93% of voters at the meeting supported Nordic Telephone Company's wish to change TDC's laws to enable a squeeze out of minority shareholders. Nordic Telephone Company, which is the acquisition vehicle for Apax Partners, Blackstone, KKR, Permira and Providence, needed 90% to vote for the proposal.
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