PT calls news conference for 2 pm ahead of expected CMVM approval of Sonae bid |
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Published
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Fri, 12 Jan 2007 13:38
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LISBON (AFX) - Portugal Telecom SGPS has called a press conference for 2.00 pm today on a have ry important matter,' a spokesperson for the company said.The conference comes ahead of the expected approval by stock market regulator CMVM of Sonaecom SGPS' prospectus for its 9.5 eur per share takeover bid for PT, 11 months after the offer was unveiled.Portugal Telecom still considers Sonaecom's bid as hostile and market players are still awaiting a serious defence to the bid from many shareholders who acquired PT shares at well over the price Sonaecom is offering.jonathan.gleave@afxnews.comjg/anCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Portuguese funds invested 4 pct more in domestic shares in Dec - CMVM 