Reported 12 months ago
Billionaire Xavier Niel has offered to buy Millicom International Cellular SA for about $4.1 billion. Niel's company, Atlas Luxco Sarl, is offering $24 a share in cash, and the offer is fully financed through funds available to Atlas and financing provided by banks. This offer marks at least the second time in two years that Millicom has been targeted for a takeover, and the company's board is yet to make a formal recommendation.
Source: YAHOO