Royal KPN Rejects Takeover Offers by KKR and EQT-Stonepeak
By Kim Richters
Royal KPN NV said it has rejected an unsolicited takeover offer
by private-equity firms EQT AB and Stonepeak Infrastructure
Partners, and a separate one by investment firm KKR & Co.
"The boards concluded to reject both unsolicited approaches as
they did not provide tangible and material added value to KPN's
widely supported new strategy," the Dutch telecommunications
company said Sunday, adding that there haven't been and are no
negotiations with the suitors.
EQT, Stonepeak and KKR didn't immediately respond to a request
for comment Monday.
Write to Kim Richters at firstname.lastname@example.org
(END) Dow Jones Newswires
May 03, 2021 01:59 ET (05:59 GMT)
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